Question: What is correct when cost is properly minimized in the long run? Question 2 options: MRS=Pl/Pk MRTS=Pl/Pk MC=AVC None of the other answers is correct
What is correct when cost is properly minimized in the long run? Question 2 options:
MRS=Pl/Pk
MRTS=Pl/Pk
MC=AVC
None of the other answers is correct
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
