Economics · Theory of Production and Cost

The minimum point on the short-run average total cost (SATC) curve reflects that:

Verified Solution4 OptionsUpdated: October 2026👁️1 View

1The plant uses an optimal combination of fixed and variable factors.
2The plant is optimally utilized.✓
3The plant is over-utilized.
4The plant is under-utilized.

Correct answer

The plant is optimally utilized.

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The minimum point on the short-run average total cost (SATC) curve reflects that:

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The minimum point on the short-run average total cost (SATC) curve reflects that:

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