Question: Average Total Cost ($) ATCD ATCc ATCA ATCB M N Quantity of Automobiles per day Question 37 Refer to Graph 5. At levels of output

Average Total Cost ($) ATCD ATCc ATCA ATCB M N Quantity of Automobiles per day Question 37 Refer to Graph 5. At levels of output below point M, the firm experiences: Not yet answered O a. economic profit Marked out of O b. economies of scale 1.00 O c. accounting profit Flag question O d. diseconomies of scaleQuestion 38 Refer to Graph 5. If the firm is currently operating on ATCB, what options does it have Not yet if it wants to change its level of automobile production over the next couple of weeks? answered Marked out of O a. it can operate at any level of output as long as it stays on ATCB 1.00 O b. it can operate at any level of output, as long as it stays on ATCD Flag question O c. The firm has no options. It cannot change output level in the short run. O d. it can operate at any level of output between points M and N

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