Question 23 Capital (K) 24 22 2t] 13 IE 14 12 10 B E 4 2 D 2 4 e 21012141612202224Labmlm 3 5 1'." Refer to the gure above. Suppose the rm is producing at point 2 and wants to reduoe its output to 01. Which of the following statements is true? [:3 In the long run, the rm will move to point A. where total costs of production are lower than at point C. [:1 In the short nm. the rm will move to point A, where total oosts of production are lower than at point C. [:3 The rm will move along its long-run expansion path from point Zto point A. [:3 In the short min. the rm will move to point A, where total oosts of production are higher than at poirlt C