Cost/Unit $30 $23 $20 $18 $10 25 ATC₁ 30 ATC₂ X 40 ATC3 45 ATC4 Output

EBK HEALTH ECONOMICS AND POLICY
7th Edition
ISBN:9781337668279
Author:Henderson
Publisher:Henderson
Chapter4: Economic Evaluation In Health Care
Section: Chapter Questions
Problem 7QAP
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Question
Which scale of production is best when output, Q=30? Based on your previous answer,
what is the per unit cost of producing 30 units?
Transcribed Image Text:Which scale of production is best when output, Q=30? Based on your previous answer, what is the per unit cost of producing 30 units?
Cost/Unit
$30
$23
$20
$18
$10
25
ATC₁
30
ATC₂
40
ATC₂
45
ATC4
Output
Transcribed Image Text:Cost/Unit $30 $23 $20 $18 $10 25 ATC₁ 30 ATC₂ 40 ATC₂ 45 ATC4 Output
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