The Long-Run Average Cost Curve Is Equal to

Multiple Choice

The long-run average cost curve is equal to

A) the minimum short-run average total cost for each output level.
B) the minimum short-run average total cost for each given plant or factory size.
C) the downward-sloping portion of all short-run average total cost curves.
D) the summation of all short-run average cost curves for each output level.
E) the difference between the highest and the lowest short-run average cost for each output level.