A fiRm Is Productively Efficient in the Long Run If

question 93

Multiple Choice

A firm is productively efficient in the long run if _____.

• A) its marginal cost equals marginal revenue
• B) its minimum average variable cost and minimum average total cost curves coincide
• C) its minimum average fixed cost and minimum average total cost curves coincide
• D) it produces output at the level where average total cost is minimum

---

Definitions:

Sadness

A human emotion characterized by feelings of disappointment, grief, or hopelessness.

Lying and Cheating

Behaviors that involve deliberately deceiving others or breaking rules to gain an unfair advantage.

Social Events

Gatherings or activities designed for the purpose of socializing, which can range from small interactions to large public events.

Applied Behavior Analysis

A therapy based on the principles of behaviorism used to improve specific behaviors while reducing unwanted ones through reinforcement strategies.