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Author Question: The long-run average cost of production is defined as: (Read 14 times)

anshika

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on: Jul 20, 2019
The long-run average cost of production is defined as:
◦ the quantity produced by a firm that can choose any size production facility.
◦ total cost divided by the quantity of output the firm chooses when at least one factor is fixed.
◦ the quantity produced by a firm when at least one factor is fixed.
◦ total cost divided by the quantity of output the firm chooses when it can choose a production facility of any size.
Microeconomics: Principles, Applications and Tools ¦ O'Sullivan, Sheffrin, Perez ¦ 8th Edition
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Marked as best answer by anshika on Jul 20, 2019

Sweetkitty24130

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Reply #1 on: Jul 20, 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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anshika

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Reply 2 on: Jul 20, 2019
Great answer, keep it coming :)

kjohnson

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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