Which of these statements is correct?A. when the long run average cost

1.	Which of these statements is correct?A. when the long run average cost curve Is falling, It will cut through the short run average cost curvesB.when the plant size is optimum, the long run average cost curve will cut the short run average cost curveC. when the plant size is optimum, the minimum polnt of one short run average cost curve and of the long run average cost curve will be commonD.long run average curve will intersect the lowest short run average cost curve
Answer» ANSWER: The option A,B and C is INCORRECT. THUS the CORRECT statement is Option D

Which of these statements is correct?A. when the long run average cost curve Is falling, It will cut through the short run average cost curvesB.when the plant size is optimum, the long run average cost curve will cut the short run average cost curveC. when the plant size is optimum, the minimum polnt of one short run average cost curve and of the long run average cost curve will be commonD.long run average curve will intersect the lowest short run average cost curve

Answer»

The option A,B and C is INCORRECT.

THUS the CORRECT statement is Option D