The long-run total cost curve is derived from the firm's expansion path.

Name: The long-run total cost curve is derived from the firm's expansion path.
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The long-run total cost curve is derived from the firm's expansion path because the expansion path shows the cost-minimizing combination of inputs for different levels of output, and the long-run total cost curve represents the minimum cost of producing each level of output when all inputs are variable.

The Long-Run Total Cost Curve Is Derived from the Firm's