Exhibit 6-17 Long-Run Average Cost Curve

question 193

Multiple Choice

Exhibit 6-17 Long-run average cost curve

-In Exhibit 6-17,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) Q₁ units.
• B) Q₂ units.
• C) Q₃ units.
• D) Q₄ units.

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Definitions:

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