0
Because it envelopes the Short Run Cost curves.
Norris Bernhard
Add your answer:
Earn +20 pts
Why is the long run average cost curve known as the envelope curve or planning curve?
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.
Explain about the effect of the time constant RC in envelope detector?
The circuit that generates signal having the shape like imaginary curve is called an envelope detector. The effect of the time constant RC in envelope detector is that the output follows the input curve and the circuit performs like a demodulator.
Long run average cost curve envelope various short run average cost curve?
of course that LRAC envelope various SRAC. of course that LRAC envelope various SRAC.
What is Envelope curve?
average products is highest
Why long run average cost curve is U shape?
In long run non of the factors are fixed,long run average cost is the locus of envelope point of various SATC's. The operation of law of returns to scale is major reason for the U shaped of LAC.
What is shellac resin called?
lac
What is a return envelope called?
In the UK it's called a: Stamped, Addressed Envelope
What is lac courte oreilles called for short?
LCO
What is a mountain curve called?
Ess curve
What is a lake called in french?
"A lake" is "un lac" in French.
The operon that controls the metabolism of lactose is called the what?
its an operon required for the transport and metabolism of lactose.
What is the liquid curve in a graduated cylinder called?
The liquid curve is called a meniscus.
