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Author Question: Consider the long-run average cost curve for a firm. Any point representing a cost and output ... (Read 54 times)

Ethanolson3

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on: Oct 12, 2022
Consider the long-run average cost curve for a firm. Any point representing a cost and output combination that is below the LRAC curve
◦ is attainable if the firm minimizes its costs according to the "principle of substitution."
◦ represents unattainable cost levels, given current technologies.
◦ represents less efficient cost levels than points on the long-run average cost curve.
◦ is attainable only when all factors are variable.
◦ may represent actual cost and production levels in the short run.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by Ethanolson3 on Oct 12, 2022

kalimarie

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Ethanolson3

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Reply 2 on: Oct 12, 2022
Thanks for the timely response, appreciate it

epscape

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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