Question
q (in tons) lrtc 1 $3,000 2 $5,000 3 $x 4 $8,000 5 $9,500 The table shows a portion of Ace Inc's long run total
| q (in tons) | lrtc |
| 1 | $3,000 |
| 2 | $5,000 |
| 3 | $x |
| 4 | $8,000 |
| 5 | $9,500 |
The table shows a portion of Ace Inc's long run total cost curve. Ace Inc. makes and sells steel.
If Ace experiences internal economies of scale for production from 1 through 5 tons of steel production, which value for $x is NOT possible?
Group of answer choices
$7,000
$5,500
$7,400
$6,200
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Commercial Fishing On The Outer Banks
Authors: R Wayne Gray, Nancy Beach Gray
1st Edition
1439667055, 9781439667057
