Is the lowest level of output at which a firm's long-run average total

1.	Is the lowest level of output at which a firm's long-run average total cost is at a minimum?
Answer» ANSWER: To determine the quantity to be produced in order to MINIMIZE the average total costs we have to calculate the quantity that makes marginal costs equal average total costs. So, ATC is minimized at 50 UNITS of OUTPUT.

Is the lowest level of output at which a firm's long-run average total cost is at a minimum?

Answer»

To determine the quantity to be produced in order to MINIMIZE the average total costs we have to calculate the quantity that makes marginal costs equal average total costs. So, ATC is minimized at 50 UNITS of OUTPUT.

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Is the lowest level of output at which a firm's long-run average total cost is at a minimum?​

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Is the lowest level of output at which a firm's long-run average total cost is at a minimum?