The Long-Run Average Cost Curve

question 385

Multiple Choice

The long-run average cost curve

• A) is always a downward sloping straight line.
• B) is a curve which is tangent to each member of a set of short-run average cost curves.
• C) is identical to the marginal cost curve.
• D) should always be horizontal.

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Definitions:

Alternating Copolymer

A copolymer where two different monomers are linked in an alternating sequence, offering unique properties compared to random or block copolymers.

Addition Polymer

This type of polymer is formed by the addition reaction between monomers with double or triple bonds, leading to a long chain molecule without the elimination of small molecules such as water.

Condensation Polymer

A type of polymer formed by the reaction of monomer units with the loss of a small molecule, such as water, leading to the formation of a longer chain.

Polymer Backbone

The Polymer Backbone is the longest series of connected atoms that constitute the main structure of a polymer chain.