question archive The minimum average cost of producing alternate levels of output, allowing for optimal selection of all variables of production is defined by the: long-run average total cost curve
The minimum average cost of producing alternate levels of output, allowing for optimal selection of all variables of production is defined by the: long-run average total cost curve
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The minimum average cost of producing alternate levels of output, allowing for optimal selection of all variables of production is defined by the:
long-run average total cost curve.
short-run average fixed cost curve.
short-run marginal cost curve.
long-run marginal cost curve.
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ans a) long-run average total cost curve
long-run average total cost curve is loci of all short run average cost curves of alternate levels of output
