Question: Use the following table to answer the next question. Output ATC Plant 1 ATC Plant 2 ATC Plant 3 ATC Plant 4 1,500 $10 $15

Use the following table to answer the next question. Output ATC

Use the following table to answer the next question. Output ATC Plant 1 ATC Plant 2 ATC Plant 3 ATC Plant 4 1,500 $10 $15 $20 $30 2,000 8 12 17 25 2,500 9 10 15 20 3,000 12 8 13 18 3,500 15 6 11 16 4,000 18 10 14 4,500 20 7 12 5,000 24 15 11 10 5.500 29 19 13 8 6.000 35 25 15 9 12 8 9 Plant sizes get larger as you move from Plant 1 to Plant 4. Which plant size would generate the least average total cost for the 3,000-4,000 level of output? Plant 1 Plant 2 Plant 3 Plant 4

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