Multiple Choice
Long-run marginal cost is:
A) the derivative of the short-run total cost function with respect to Q.
B) the derivative of the long-run total cost function with respect to Q.
C) derived by plugging the firm's long-run input demands into the long-run total cost function.
D) derived by plugging the firm's short-run input demands into the long-run total cost function.
Correct Answer:

Verified
Correct Answer:
Verified
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