For the firm in Figure 9.11 that experiences constant long-run costs, calculate the following costs:a. At 200 units of output, long-run average cost is $ ________, long-run marginal cost is $ ________, and long-run total cost is $ ________.b. At 500 units of output, long-run average cost is $ ________, long-run marginal cost is $ ________, and long-run total cost is $ ________.

Figure 9.11

Transcribed Image Text:

20 LẠC = LMC Quantity Average and marginal cost (dollars)