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Question
Where long-run average cost equals short-run average cost:a. short-run average cost is minimized
b. long-run average variable cost equals short-run average variable cost
c. long-run average cost equals long-run marginal cost
d. long-run average cost is minimized
e. long-run marginal cost equals short-run marginal cost
Answer
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Related questions
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Q:
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b. Q* = b/2d
c. Q* = c/2d
d. Q* = b/3d
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