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carlvh37 carlvh37
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A year ago
Suppose a firm with the usual U-shaped cost curves is producing a level of output such that its short run costs are as follows:
 ATC = $0.37 per unit
 AVC = $0.32 per unit
 AFC = $0.05 per unit
 MC = $0.43 per unit
Given these short run costs, which of the following statements is true?

▸ The firm is operating with excess capacity.

▸ The firm is operating at capacity.

▸ The firm has no capacity constraints.

▸ The firm is operating above capacity.

▸ The firm is producing a level of output where capacity is increasing.
Textbook 
Microeconomics

Microeconomics


Edition: 17th
Author:
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solid1solid1
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A year ago
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