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Computer Science
Tutor: None Selected Time limit: 1 Day

8- Which of the following statements is TRUE?


A. The long-run average cost curve is alwaysU-shaped.
B. All short-run average cost functions are tangent to thelong-run average
cost function at minimum average short run cost.
C. All short-run average cost functions are tangent to thelong-run average
cost function.
D. The long-run average cost curve cannot bedownward-sloping.
Jul 26th, 2015

Thank you for the opportunity to help you with your question!

B. All short-run average cost functions are tangent to thelong-run average cost function at minimum average short run cost.

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Jul 26th, 2015

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Jul 26th, 2015
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Jul 26th, 2015
Dec 10th, 2016
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