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Title: The long-run average cost of production is defined as
Post by: thanhha78 on Aug 28, 2017
The long-run average cost of production is defined as
A) the quantity produced by a firm when at least one factor is fixed.
B) total cost divided by the quantity of output the firm chooses when at least one factor is fixed.
C) the quantity produced by a firm that can choose any size production facility.
D) total cost divided by the quantity of output the firm chooses when it can choose a production facility of any size.


Title: Re: The long-run average cost of production is defined as
Post by: Lightman030 on Aug 28, 2017
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Title: Re: The long-run average cost of production is defined as
Post by: thanhha78 on Dec 6, 2017
you're honestly amazing, thank you