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The short run total cost of a firm is given by: 3g? SRTC +49 +432K where k is fixed

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The short run total cost of a firm is given by: 3g? SRTC +49 +432K where k is fixed. Suppose that the firm produces q-144 and the short run level of K is 11. Please state whether or not the following are correct: The long-run efficient level of Kis K=12 False The economically efficient level of Kis K-10 but the firm should not invest because it expects to make zero profits in the long run Select] The economically efficient level of Kis K-12 but the firm should not increase k because it saves costs by using less K. Select] The economically efficient level of Kis K-13 and the firm should increase 2 units of K.