Author Question: Each potential short-run average total cost curve is tangent to the long-run average cost curve at: ... (Read 59 times)

KWilfred · **on:** Jun 30, 2018

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