Long-Run Cost The long-run average cost curve is made up from the lowest ATC for each output level.
{"Image DocumentName": "Long-Run CostThe long-run average cost curve is made up from the lowest ATC for each output level.", "Image ImageDescription": "So, we want to decide which plant has the lowest cost for producing each output level. Let\u2019s find the least-cost way of producing a given output level. Suppose that the firm wants to produce 13 sweaters a day.", "Image XResolution": "37", "Image YResolution": "37", "Image ResolutionUnit": "Pixels/Centimeter", "Image Software": "SlidePlayer", "Image YCbCrPositioning": "Centered"}