In the short run, a à firm's.fixed cost à. Is zero. Cannot be escaped. c. Çan be escaped only by cutting production to zero. d. Is not correctly described by any of the above.

For any long-run chosen output level, the firm will want to: Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. a b C Question 15 d produce up until diminishing returns begin. make sure it is experiencing economies of scale. choose the firm size that will result in the lowest average cost. use the least amount of capital possible which can still produce that level of output.

What is the term for the lowest level of output at which a firm's goods are produced at minimum long-run average total cost? the point of diminishing returns the minimum total product the minimum efficient scale the point of zero marginal cost

f production, C be the total cost, MC be the marginal cost, AFC, the average fixed cost, AVC, the aver ecimal places.) Output (q) VC C MC AFC AVC AC 1 $100 $64 112 $164 $64 48 $100.00 $64.00 $164.00 50.00 56 00 106.00 2 100 212 3. 100 144 244 32 33.33 48.00 4. 100 160 16 25.00 40.00 65.00 100 192 292 -32 20.00 58 40 9. 100 340 48 16.67 40.00 56.67 7. 100 -304 404 14.29 4343 57.71 100 -384 484 80 48.00 60.50 53.33 59.20 9. 100 480 580 96 11.11 64.44 10 100 592 112 10.00 F.