The curves labeled A, B, C, and D are: C D 100 200 300 400 500...

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The curves labeled A, B, C, and D are: C D 100 200 300 400 500 Output short-run average total cost curves. long-run average cost curves. short-run total cost curves. long-run total cost curves.

business economics

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Answer 1

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A

These cost curves A, B, C, and D are short run ATC curve, that combine together to form long run ATC curve E. Here, E is the tangent upon the lowest point of each of the short run ATC.

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The curves labeled A, B, C, and D are: C D 100 200 300 400 500...

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