When the long-run marginal cost equals the long-run average cost, the long-run average cost is ________.
A) at its minimum
B) increasing
C) decreasing
D) at its maximum
A) at its minimum
You might also like to view...
Cultural adaptation leads to an improvement in the lives of every individual
a. True b. False Indicate whether the statement is true or false
All culture is learned
a. True b. False Indicate whether the statement is true or false
The bioarchaeologist generally seeks to make positive individual identifications
a. True b. False
Many developments fail because of all of the following EXCEPT they ______
a. are not planned to be responsive to local cultures. b. often bring improvements that are costly and cannot be sustained c. often leave the environment neglected and degraded d. often lead to fewer jobs and opportunities due to technological advancements e. often are forced to increase wages due to technological advancements, which they cannot afford