At Quantities Greater Than the Long-Run Minimum Cost Per Unit

question 89

Multiple Choice

At quantities greater than the long-run minimum cost per unit of output,the long-run average total cost curve is _____ of the corresponding short-run average total cost curve.

• A)tangent to the minimum
• B)tangent to the maximum
• C)to the right of the minimum
• D)to the left of the minimum

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Definitions:

Critical Period

A specific time in an organism's life span when it is particularly responsive to certain forms of environmental stimuli.

Sensitive Period

A specific time frame during development when the organism is particularly responsive to environmental stimuli.

Organism's Development

The process of growth and change that an organism undergoes from its origin to maturity.

Behavioural Traits

Enduring characteristics in an individual's actions or reactions to various situations, often seen as part of their personality.