Multiple Choice
A short-run average total cost curve will touch the long-run average cost curve at a level of output only
A) where the short-run cost curve is downward sloping.
B) where the short-run cost curve is upward sloping.
C) when the quantity of the fixed factor being employed is at the optimal level for that level of output.
D) where the short-run cost curve is downward-sloping and the quantity of the fixed factor is optimal.
E) by coincidence.
Correct Answer:

Verified
Correct Answer:
Verified
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