The Long-Run Average Cost Function Reaches a Minimum Where

question 56

Multiple Choice

The long-run average cost function reaches a minimum where:

• A) dLAC/dQ = 0.
• B) LTC = LAC.
• C) dTFC/dQ = 0.
• D) dLMC/dQ = 0.
• E) dLTC/dQ = 0.

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