Use the Following to Answer Question(s): Long-Run Average Cost

question 10

Multiple Choice

Use the following to answer question(s) : Long-Run Average Cost

-(Exhibit: Long-Run Average Cost) In the region from O to A, output per period is _______ and long-run average cost is _______ .

• A) decreasing; increasing
• B) increasing; decreasing
• C) increasing; increasing
• D) increasing; remaining the same

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Definitions:

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