An electronic-parts manufacturer with U-shaped short-run cost curves is producing 11,000 units per month and has short-r

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An Electronic Parts Manufacturer With U Shaped Short Run Cost Curves Is Producing 11 000 Units Per Month And Has Short R 1 (36.2 KiB) Viewed 17 times

An electronic-parts manufacturer with U-shaped short-run cost curves is producing 11,000 units per month and has short-run costs as follows: ATC= $7.00, AVC= $5.00, AFC = $2.00, MC = $7.80. a. At this level of output, has the firm started experiencing diminishing marginal and average returns? How do you know? At this level of output, the firm Diminishing marginal returns correspond to average returns correspond to curves and since must be started experiencing diminishing marginal and average returns. and diminishing Since the firm has U-shaped cost both of these costs is greater than tic tic tio tio tion