The Long Run Average Cost Curve

question 103

Multiple Choice

The long run average cost curve

• A) is the sum of a firm's short run average cost curves.
• B) shows the lowest average cost facing a firm as it increases output changing both its plant and labor force.
• C) initially rises when output increases and then falls when output increases.
• D) always falls as output increases.
• E) always rises as output increases.

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