Exhibit 6-15 Long-run average cost Costs per unit (dollars) 50 40 30 20 10 0 500 SRATC SRATC SRATC 1.000 1,500 2,000 Qua

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Exhibit 6 15 Long Run Average Cost Costs Per Unit Dollars 50 40 30 20 10 0 500 Sratc Sratc Sratc 1 000 1 500 2 000 Qua 1 (26.76 KiB) Viewed 20 times

Exhibit 6-15 Long-run average cost Costs per unit (dollars) 50 40 30 20 10 0 500 SRATC SRATC SRATC 1.000 1,500 2,000 Quantity of output (units per week) LRAC If the firm represented in Exhibit 6-15 is operating with a plant whose size corresponds to short-run average total cost curve A, the level of output that would minimize its short-run average total cost is: O a. 1,500 units per week. Ob. 500 units week. per O c. 1,000 units per week. d. 2,000 units per week.