When the Long-Run Average Cost Is at Its Minimum, the Long-Run

question 11

Multiple Choice

When the long-run average cost is at its minimum, the long-run marginal cost:

• A) is also at its lowest value.
• B) is decreasing.
• C) is greater than long-run average cost.
• D) is at its highest value.
• E) is equal to long-run average cost.

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