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bbergeron11 bbergeron11
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2 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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2 months ago
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lowest unit cost at which the firm can produce any given level of output.
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bbergeron11 Author
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2 months ago
Thanks for your help!!
jamesbove
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Yesterday
I appreciate what you did here, answered it right Smiling Face with Open Mouth
novae
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2 hours ago
You make an excellent tutor!
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