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insherro insherro
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7 years ago
Long-run average cost is defined as:
A) the minimum average cost of producing any level of output when all inputs are variable.
B) the minimum average cost of producing any level of output when the amount of capital is varied and all other inputs are held constant.
C) the average of the short-run costs associated with each amount of capital employed by the firm.
D) the minimum average cost of producing any level of output when all inputs are fixed.
Textbook 
Economics for Managers

Economics for Managers


Edition: 3rd
Author:
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University of Ottawa - Economics for Managers
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toogootoogoo
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7 years ago
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insherro Author
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7 years ago
Thanks
nicolepope23
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Yesterday
Just got PERFECT on my quiz
vanna2014
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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