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Zolol [24]
3 years ago
12

Complete the sentence. When a firm is producing a given output at the least possible​ cost, _______. A. it has no incentive to i

ncrease production B. it is operating on the​ downward-sloping portion of its​ long-run average cost curve C. it is operating on the lowest point on its​ long-run average cost curve D. it is operating on its​ long-run average cost curve
Business
1 answer:
riadik2000 [5.3K]3 years ago
7 0

Answer:

D

Explanation:

I think on its long run average cost,a firm will be producing at it lowest cost price(CP)

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Answer:

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Though the FIFO method is based on first in first out principle where opening inventory will be sold first, but the cost incurred earlier in previous period will not be considered.

Correct statement is C

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