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Author Question: The long-run average cost curve is tangent to the minimum point of every short-run average total ... (Read 221 times)

natalie2426

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on: Jun 30, 2018
The long-run average cost curve is tangent to the minimum point of every short-run average total cost curve.
 a. True
  b. False

Question 2

The shape of short-run variable cost curve is determined by
 a. the firm's effort to minimize cost
  b. the firm's effort to maximize profit
  c. competition in the industry
  d. the marginal productivity of the variable inputs the firm uses
  e. the money the firm spends


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JaynaD87

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Reply #1 on: Jun 30, 2018
Answer to Question 1

B

Answer to Question 2

D


natalie2426

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Reply #2 on: Jun 30, 2018
Thank you :)


JaynaD87

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Reply #3 on: Jun 30, 2018
Happy to help you


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