The Least-Cost Way of Producing a Particular Rate of Output

question 205

Multiple Choice

The least-cost way of producing a particular rate of output is represented by a point of tangency between a short-run average cost curve and the

• A)total cost curve
• B)short-run average total cost curve
• C)average variable cost curve
• D)long-run average cost curve
• E)marginal cost curve

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