Every Point on a ________ Represents the Minimum Cost at Which

question 45

Multiple Choice

Every point on a ________ represents the minimum cost at which the associated output level can be produced when the scale of plant can be changed.

• A) U-shaped long-run average cost curve
• B) marginal cost curve
• C) long-run variable cost curve
• D) long-run demand curve

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Definitions:

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