At the point of tangency between short- run average total cost and longrun average cost, the short-run marginal cost
A. greater than long-run marginal cost
B. less than long-run marginal cost
C. is far above long-run marginal cost
D. equals long-run marginal cost
Answer:D
At the point of tangency between short- run average total cost and longrun average cost, the short-run marginal cost
A. greater than long-run marginal cost B. less than long-run marginal cost C. is far above long-run marginal cost D. equals long-run marginal cost