The ceo of major automaker overheard one of division, Business Economics

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The ceo of major automaker overheard one of division

The CEO of major automaker overheard one of division managers makes 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? Explain

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Business Economics: The ceo of major automaker overheard one of division

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