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QUESTION
The CEO of a major automaker overheard one of its division managers make the following statement regarding the firm's production plans:
The CEO of a major automaker overheard one 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 ATC curve”. If you were the CEO of the automaker, would you praise or chastise the manager?
