Long-run total cost
A)represents the lowest possible cost of producing a given level of output.
B)is always equal to or greater than short-run total cost.
C)is tangent to short-run total cost when short-run total cost is at its minimum point.
D)both a and b
E)all of the above

Question

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The Answer of Long-run total cost
A)represents the lowest possible cost of producing a given level of output.
B)is always equal to or greater than short-run total cost.
C)is tangent to short-run total cost when short-run total cost is at its minimum point.
D)both a and b
E)all of the above

Long-Run Total Cost