In Figure 1, if you want to produce an output of 100, in the long run you will choose a plant whose size is represented by _______.

a) ATC₁

b) ATC₂

c) ATC₃

d) ATC₄

e) ATC₅

Transcribed Image Text:

Cost ($) Figure 1 100 ATC ATC ATC2 ATC3 X I 200 Output 300 ATC4 1 I 1 400 ATC5