A Short- Run Average Total Cost Curve Will Touch the Long-

question 82

Multiple Choice

A short- run average total cost curve will touch the long- run average cost curve at a level of output only

• A)where the short- run cost curve is downward sloping.
• B)by coincidence.
• C)when the quantity of the fixed factor being employed is at the optimal level for that level of output.
• D)where the short- run cost curve is upward sloping.
• E)where the short- run cost curve is downward- sloping and the quantity of the fixed factor is optimal.

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