The short run expansion path 

A) crosses the long run expansion path at the point of diminishing marginal returns. B) never coincides with the long run expansion path.

C) and the long run expansion path coincide at the production level for which the capital stock associated with the short run expansion path is optimal/cost minimizing 

D) is always greater than the long run expansion path. 

E) is always lower than the long run expansion path.

Answer rating: 100% (QA)

A crosses the long run expansion path at the point of diminishing marginal returns B never coincides ... View the full answer