Along Its Long-Run Total Cost Curve,a Firm Is Producing

question 99

Multiple Choice

Along its long-run total cost curve,a firm is producing

• A)at the output level for each plant size that has the lowest cost
• B)at the minimum points of its various total cost curves
• C)each level of output using the input mix that has the lowest cost
• D)each level of output using the fewest possible inputs
• E)at the output level for each plant size that uses the fewest possible inputs

---

Definitions:

Water Table

The depth beneath the surface where the soil is completely filled with water.

Cave Roof

The upper surface or ceiling of a cave, formed by natural geological processes.

Sinkhole

A depression or hole in the ground caused by the collapse of a surface layer, often resulting from the dissolution of limestone by water.

Caldera

A large crater formed by a volcanic eruption, resulting from the collapse of land following the emptying of the volcano's magma chamber.