In a sense, the long-run average cost curve is holding A) ...

[Frost2351]

In a sense, the long-run average cost curve is holding
 A) short-run average variable cost curves.
  B) short-run marginal cost curves.
  C) short-run average total cost curves.
  D) short-run total cost curves.

Question 2

If A>B and B>C do not imply A>C, where > means preferred to, then preferences are intransitive.
  Indicate whether the statement is true or false

[guyanai]

Answer to Question 1

C

Answer to Question 2

T