When a perfectly competitive firm is in long-run equilibrium, the firm is producing at cost. maximum average variable maximum average total minimum marginal minimum average total

Minimum average total

Explanation:

In the long run, all costs are variable so the firm will be able to adjust its costs in such a way that it will be producing at the lowest possible average total cost in order to minimize its cost.

In such a market, economic profit will not be made because more firms will keep coming into the market if there are economic profits till the profits are eventually brought down to zero.

lbc corporation makes and sells a product called product wz. each unit of product wz requires 4.1 hours of direct labor at the rate of $20.00 per direct labor-hour. management would like you to prepare a direct labor budget for june. the company plans to sell 28,000 units of product wz in june. the finished goods inventories o

y=mx+b is the right slope of velocity carry the 4 over