Long run average cost curve is known as envelope curve because it is formed by enveloping the short run average cost curves and it helps the entrepreneur in long term planning that is why it is also called planning curve.
The long run average cost curve will help the company plan for product differentiation. With knowledge of a particular cost curve, the company can plan complement products to make up for deficits in profit margins.
The link between a product and how much it is worth, the amount it is in demand and how much customers are ready to pay for it can be shown in economics on a graph known as a demand curve. This is also known as the marginal benefit curve.
as the total average cost is U shape the MC will intersect with U shape at lowest point to indicate the break even point where the company does not make neither profit nor loss. and this minimum point is known as the efficient scale that minimize the losses but does not maximize profit
The MArket Demand Curve
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The long run average cost curve will help the company plan for product differentiation. With knowledge of a particular cost curve, the company can plan complement products to make up for deficits in profit margins.
The envelope of gas around the Earth is officially known as the atmosphere.
I teach on conflict and frequently use a tool known as the conflict curve. It shows the way in which conflicts typically escalate and de-escalate.
when the signals are symmetric then this signals are gaussian In statistics, the Gaussian curve, also known as the Normal curve, is symmetrical.
The link between a product and how much it is worth, the amount it is in demand and how much customers are ready to pay for it can be shown in economics on a graph known as a demand curve. This is also known as the marginal benefit curve.
Ludwig Burmester, a German geometer, invented the Burmester curve also known as the French curve.
The nuclear membrane Actually, i think it is called the nuclear envelope.
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It is known as the meniscus.
Yes it is a 4 sided polygon known as a quadrilateral
The nuclear membrane of a cell is also known as the nuclear envelope.
as the total average cost is U shape the MC will intersect with U shape at lowest point to indicate the break even point where the company does not make neither profit nor loss. and this minimum point is known as the efficient scale that minimize the losses but does not maximize profit