Each potential short-run average total cost curve is tangent to ...

[KWilfred]

Each potential short-run average total cost curve is tangent to the long-run average cost curve at:
 a. the level of output that minimizes short-run average total cost.
  b. the minimum point of the average total cost curve.
  c. the minimum point of the long-run average cost curve.
  d. a single point on the short-run average total cost curve.

Question 2

Which of these is a supply-side approach to increase growth?
 a. Spending on the construction and repair of state highways
  b. Providing tax benefits to start-up companies
 c. Investing in the production of arms and ammunitions
 d. Replacing old aircrafts with new fighter planes
 e. Increasing transfer payments to retirees

[bulacsom]

Answer to Question 1

d

Answer to Question 2

b

[KWilfred]

Excellent

[ryhom]

TYSM