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bbergeron11 bbergeron11
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8 months ago

The long-run average total cost (LRATC) curve shows the



▸

lowest average variable cost at which the firm can produce any given level of output.



▸

lowest unit cost at which the firm can produce any given level of output.



▸

highest average fixed cost at which the firm can produce any given level of output.



▸

lowest marginal cost at which the firm can produce any given level of output.



▸

none of the above

Textbook 
Economics

Economics


Edition: 12th
Author:
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JRAD814JRAD814
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8 months ago
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bbergeron11 Author
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8 months ago
Just got PERFECT on my quiz
momochiime
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Yesterday
Helped a lot
aricketts6@
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2 hours ago
Thanks for your help!!
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