By re-stating the firm’s supply decision, we have the following: Select one: a. if at the best production level ‘q*’ greater than the average variable cost, then the firm should choose to produce ‘q*’ b. if at the best production level ‘q*’ greater than the average fixed cost, then the firm should choose to produce ‘q*’ c. if at the best production level ‘q*’ less than the average variable cost, then the firm should choose to produce ‘q*’ d. if at the best production level ‘q*’ greater than the marginal cost, then the firm should choose to produce ‘q*’

/in /by

By re-stating the firm’s supply decision, we have the
following:

Select one:

a. if at the best production level ‘q*’ greater than the average
variable cost, then the firm should choose to produce ‘q*’

b. if at the best production level ‘q*’ greater than the average
fixed cost, then the firm should choose to produce ‘q*’

c. if at the best production level ‘q*’ less than the average
variable cost, then the firm should choose to produce ‘q*’

d. if at the best production level ‘q*’ greater than the marginal
cost, then the firm should choose to produce ‘q*’

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