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Author Question: Every point on a Ushaped long-run average cost curve represents (Read 34 times)

SGallaher96

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on: Apr 19, 2019

Every point on a U‐shaped long-run average cost curve represents


◦ the minimum cost at which the associated output level can be produced when the scale of plant can be changed.
◦ the minimum point of the associated short-run average cost curve.
◦ the minimum cost at which the associated output level can be produced when the scale of plant cannot be changed.
◦ both the minimum cost at which the associated output level can be produced when the scale of plant can be changed and the minimum point of the associated short-run average cost curve.
Principles of Economics ¦ Case, Fair, Oster ¦ 12th Edition
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Marked as best answer by SGallaher96 on Apr 19, 2019

ecabral0

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Reply #1 on: Apr 19, 2019
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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SGallaher96

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Reply #2 on: Apr 19, 2019
Thank you!


ecabral0

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Reply #3 on: Apr 19, 2019
Always glad to help...


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