At Quantities Greater Than the Long-Run Minimum Cost Per Unit

question 89

Multiple Choice

At quantities greater than the long-run minimum cost per unit of output,the long-run average total cost curve is _____ of the corresponding short-run average total cost curve.

• A)tangent to the minimum
• B)tangent to the maximum
• C)to the right of the minimum
• D)to the left of the minimum

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Definitions:

Laryngopharynx

The region of the throat that connects the oropharynx with the larynx, facilitating the passage of food and air.

Nasopharynx

The top segment of the pharynx that links to the nasal cavity above the soft palate.

Caudal Lobe

A term often relating to the posterior division of an organ, or in some contexts, a specific part of the lung in animals.

Right Lung

The right lung is the larger of the two lungs in the human body, divided into three lobes that participate in the process of respiration.