A Profit- Maximizing Firm with Variable Labour and Capital Will

Multiple Choice

A profit- maximizing firm with variable labour and capital will always produce

A) at a point on the LRAC curve where it is experiencing economies of scale.
B) at the minimum point of the LRAC curve.
C) at the tangency of the relevant SRATC curve and the LRAC curve.
D) anywhere along the LRAC curve.
E) at the minimum of the relevant SRATC curve and the LRAC curve.