The Long-Run Average Total Cost (LRATC) Curve Shows the

Multiple Choice

The long-run average total cost (LRATC) curve shows the

A) lowest average variable cost at which the firm can produce any given level of output.
B) lowest unit cost at which the firm can produce any given level of output.
C) highest average fixed cost at which the firm can produce any given level of output.
D) lowest marginal cost at which the firm can produce any given level of output.
E) none of the above