Question

In setting the production level, a firm's cost curves A. by themselves do not tell us what decisions the firm will make. B. have no bearing on what decisions the firm will make. C. dictate what decisions the firm will make. D. None of the above is correct.

Answer 1

Answer: Option A : by themselves do not tell us what decisions the firm will make.

Explanation: Using the cost curve to make decisions is the function of the firm's internal decision mechanism