A firms long-run average total cost curve is formed by a. points of tangency with its short-run
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A firm’s long-run average total cost curve is formed by
a. points of tangency with its short-run average total cost curves.
b. points of tangency with its short-run marginal cost curves.
c. linking the intersections of its short-run marginal cost curves and its short-run average variable cost curves.
d. linking its short-run average fixed cost curves.
e. linking the minimum points of its short-run marginal cost curves.
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