The Long- Run Average Cost (LRAC) Curve Shows

Multiple Choice

The long- run average cost (LRAC) curve shows

A) the operation of the law of diminishing returns.
B) the highest unit costs of producing a given output.
C) the same as the short- run average cost curve.
D) the lowest unit cost at which the firm can produce a given output.
E) what happens to the fixed costs in the long run.