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Ch11
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Long-Run Cost ATC
1 is the ATC curve for a plant with 1 knitting machine.
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Long-Run Cost ATC
2 is the ATC curve for a plant with 2 knitting machines.
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Long-Run Cost ATC
3 is the ATC curve for a plant with 3 knitting machines .
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Long-Run Cost ATC
4 is the ATC curve for a plant with 4 knitting machines .
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Long-Run Cost 13
sweaters a day cost $7.69 each on ATC 1 .
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Long-Run Cost 13
sweaters a day cost $6.80 each on ATC 2 .
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Long-Run Cost 13
sweaters a day cost $7.69 each on ATC 3 .
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Long-Run Cost 13
sweaters a day cost $9.50 each on ATC 4 .
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Long-Run Cost 13
sweaters a day cost $6.80 each on ATC 2 . The least-cost way of producing 13 sweaters a day.
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