Long-run total cost select one a is tangent to short-run, Ask an Expert

Economics

Long-run total cost Select one: a. is tangent to short-run total cost when short-run total cost is at its minimum. b. represents the lowest possible cost of producing a given level of output. c. All of the answers are correct. d. is always equal to or greater than short-run total cost.

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91843859

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