The Long-Run Average Cost Curve Is Tangent to the Minimum

question 25

True/False

The long-run average cost curve is tangent to the minimum point of every short-run average total cost curve.

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Definitions:

Occupational Safety and Health Administration (OSHA)

A federal agency responsible for enforcing safety and health legislation to prevent workplace injuries, illnesses, and deaths.

Workplace Safety

Workplace safety refers to practices and policies in place to ensure the health and wellbeing of employees in their work environment.

Workplace Accidents

Incidents that occur in the course of work resulting in physical or mental occupational injuries.

Consumerism

Public demand that a business consider the wants and needs of its customers in making decisions.