The ceo of a major automaker overheard on of its division


The CEO of a major automaker overheard on of its division managers make the following statement regarding the firm's production plans: "In order to maximize profits, it is essential that we operate at the minimum point of our average total cost curve. " If you were the CEO of the automaker, would you praise or chastise the manager?

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Managerial Economics: The ceo of a major automaker overheard on of its division
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