In the long run, the long-run average cost curve _____, whereas in the very long run, the long-run average cost curve _____.
In the long run, the long-run average cost curve _____, whereas in the very long run, the long-run average cost curve _____.
Chapter2: Building Blocks Of Managerial Accounting
Section: Chapter Questions
Problem 14MC: Which of the following statements is true regarding average fixed costs? A. Average fixed costs per...
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Question
In the long run, the long-run average cost curve _____, whereas in the very long run, the long-run average cost curve _____.
a.
None of the above.
b.
Shifts down; does not shift.
c.
Does not shift; shifts up.
d.
Shifts up; does not shift.
e.
Does not shift; shifts down.
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