A long run total cost curve   a.   must be equal to zero when output is zero   cross out   b.   may be greater than or equal to zero when output is zero   cross out   c.   must be decreasing when output is zero   cross out   d.   will be equal to fixed cost, which is greater than zero, when output is zero

Survey Of Economics
10th Edition
ISBN:9781337111522
Author:Tucker, Irvin B.
Publisher:Tucker, Irvin B.
Chapter6: Proudction Costs
Section: Chapter Questions
Problem 8SQ
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A long run total cost curve

 

a.

 

must be equal to zero when output is zero

 

cross out

 

b.

 

may be greater than or equal to zero when output is zero

 

cross out

 

c.

 

must be decreasing when output is zero

 

cross out

 

d.

 

will be equal to fixed cost, which is greater than zero, when output is zero

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