Answer:
B. Marginal cost equals long-run average total cost.
Explanation:
The zero profit condition implies that entry continues until all firms are producing at minimum long run average total cost. Since the marginal cost curve cuts the long run average total cost curve at its minimum point, marginal cost and long run average total cost must be equal in long run equilibrium.
Answer:
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Personally I feel that never trying is worse because at least when you fail you know what you need to improve on and that way you at least get some closure. Where as when you never try it you would never know whether or not you were able to do it
According to the physical fact that a<span>mplitude and energy have proportional values, this statement is definitely FALSE. Pay attention on the words ''</span><span> inversely related'', that will be the main point which will make it absolutely clear. Hope you will find this answer helpful! Regards.</span>
