Question: What does the long run average cost curve exhibit? Question 8 options: The least-cost combinations of inputs for any output level when all inputs are

What does the long run average cost curve exhibit? Question 8 options: The least-cost combinations of inputs for any output level when all inputs are variable The least-cost combinations of variable inputs given that the size of the factory is fixed It combines the lowest point on each short run average cost curve to yield the long run average total cost curve All of the answers are correct

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