MindTap - Cengage Learning X X C 20 ng.cengage.com/staticb/ui/evo/index.html? deploymentld=5839622340537210505082758348&elSBN=9781337111560&id=1995945205&snapshotld=3812144& Jaden CENGAGE | MINDTAP Q Search this course ? Homework (Ch 06) X HOME 6. Long-run cost relationships PROFILE The following graph shows the short-run average total cost curves and the long-run average cost curve for a publishing firm. The five marked quantities indicate points of tangency between each short-run average total cost curve (SRATC') and the long-run average cost curve (LRAC); for A-Z ORDERS example, Q1 marks the point of tangency between SRATC, and LRAC. RENTALS The orange point on SRATC3 indicates the firm's current output level in the short run (Q4). EI COURSES ? Study tools bongo M College Success Tips SRATC Career Success Tips SRATC, LRAC SRATC 2 SRATC3 SRATC 4 Help A+ COST PER UNIT [- SIGN OUT O QUANTITY OF OUTPUT In the long run, if the firm decides to keep output at its initial level, what will it likely do?MindTap - Cengage Learning X X C 20 ng.cengage.com/staticb/ui/evo/index.html? deploymentld=5839622340537210505082758348&elSBN=9781337111560&id=1995945205&snapshotld=3812144& Jaden CENGAGE |MINDTAP Q Search this course ? Homework (Ch 06) X HOME COS PROFILE A-Z ORDERS RENTALS Q 1 Q QUANTITY OF OUTPUT EI COURSES Study tools bongo In the long run, if the firm decides to keep output at its initial level, what will it likely do? M College Success Tips Shift to operate on SRATCA O Shut down Career Success Tips Shift to operate on SRATC2 Help O Stay on SRATC3 but decrease to the point touching LRAC A+ At which output level (or range of output levels) is this firm operating at the ideal plant size? Assuming that it cannot change it's current cost curve. C+ SIGN OUT O Q3 O O 0 to Q3 O Q2 to Q4 O QA O Q 2 Grade It Now Save & Continue Continue without saving