Refer to the graph above to answer this question. Can/should this firm produce an output of 200
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Question:
Refer to the graph above to answer this question. Can/should this firm produce an output of 200 at an average total cost of $40?
Select one:
A.No, this combination would be unobtainable because production is inefficient.
B.No, this combination is unobtainable given present resource prices and the current state of technology.
C.Yes, and that output would be economic capacity.
D.Yes, but production would be inefficient.
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