A Firm's Long-Run Average Cost Curve Is Also Called Its

question 175

Multiple Choice

A firm's long-run average cost curve is also called its

• A)profit curve
• B)explicit cost curve
• C)opportunity cost curve
• D)production curve
• E)planning curve

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Definitions:

Windows

Windows is a series of operating systems developed by Microsoft, providing a graphical interface for users to interact with their computers.

Variable

In scripting, the name of a storage location in the computer’s internal memory. The value of the variable is the contents at that memory location. It is called a variable because the value can change (vary) as the program runs.

Script

A set of commands or instructions written to be executed by a program or scripting engine to automate tasks.

Memory Location

A specific address in memory storage where data is kept, identifiable within a system for the purpose of storing and retrieving information.