The Long-Run Average Total Cost Curve Is Always

question 54

Multiple Choice

The long-run average total cost curve is always

• A)flatter than the short-run average total cost curve, but not necessarily horizontal.
• B)horizontal.
• C)falling as output increases.
• D)rising as output increases.

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Definitions:

Immigration Rate

A measure of the inflow of new residents to a region from another country or region, typically calculated as the number of immigrants per unit of population per year.

Racially Diverse Society

A society that includes individuals and groups from a wide range of racial and ethnic backgrounds, often advocating for equal respect and treatment.

Birth Rate

The statistical measure of the number of live births per 1,000 people in a given population over a specific period of time.

Puerto Ricans

Refers to the people originating from or living in Puerto Rico, a territory of the United States, who share a common cultural heritage and nationality.