Exhibit 6-15 Long-Run Average Cost

question 66

Multiple Choice

Exhibit 6-15 Long-run average cost

In Exhibit 6-15, short-run average total cost, short-run marginal cost, and long-run average cost are all equal at which level of output per week?

• A) 500 units.
• B) 1,000 units.
• C) 1,500 units.
• D) 2,000 units.

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Definitions:

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