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Homework answers / question archive / The lowest possible average total cost of producing a particular level of output, allowing for optimal selection of all factors of production is defined by a

The lowest possible average total cost of producing a particular level of output, allowing for optimal selection of all factors of production is defined by a

Accounting

The lowest possible average total cost of producing a particular level of output, allowing for optimal selection of all factors of production is defined by

a. long run average total cost curve.

b. short run average fixed cost curve.

c. short run marginal cost curve.

d. long run marginal cost curve.

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