Long-Run Average Cost of the Perfectly Competitive Firm Includes the

question 92

Multiple Choice

Long-run average cost of the perfectly competitive firm includes the

• A)cost of raw materials per unit of output.
• B)opportunity cost of labor per unit of output.
• C)opportunity cost of capital per unit of output.
• D)All of the responses are correct.

---

Definitions:

Peripheral Membership

A form of association where individuals are marginally involved or partially included in a group or organization.

Core Membership

Describes individuals who are considered to be at the essential or central part of a group, organization, or community.

Survival Skills

Skills that enable an individual to sustain life in challenging or dangerous situations, such as in natural environments.

Social Identities

Individuals' conception and perception of themselves derived from their membership in social groups, including nationality, ethnicity, gender, and occupation, among others.