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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.
Why the short run average cost curve of a firm might be you shaped and explain the link between the short run average cost curve and long run average cost curve of a firm?
The short-run average cost (SRAC) curve is typically U-shaped due to economies of scale at lower levels of production, where increasing output leads to lower average costs, followed by diseconomies of scale at higher levels, resulting in rising average costs. This U-shape reflects the initial benefits of spreading fixed costs over more units and the eventual inefficiencies as production scales up. The long-run average cost (LRAC) curve is derived by taking the lowest points of various SRAC curves at different levels of output, representing the most efficient scale of production in the long run, where all inputs can be adjusted. Therefore, the LRAC serves as a boundary encompassing the various short-run cost curves, illustrating the minimum average costs achievable at different output levels.
What is planning curve?
Another term for the long-run average cost curve (LRAC). Using the name planning curve indicates that the long-run average cost curve is used to "making plans" especially concerning the desired scale of operations of a firm.
True or false. The U shape of the long-run ATC curve is the result of diminishing returns?
False
Explain 'u' shape of ac curve?
asthe current is continuosly changing in a uniform manner alternatively increasing and decreasing.
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 shape word has the second letter U?
A shape that has the 2nd letter of U is cube.
Is it ok if your penis has an upside down U shape?
U tell me! Get it, U!
What shape does the nevado del ruiz have?
it is a stratovolcano, if u are talking about its shape. basically, it is cone shaped. if this is not what u were talking about, then i am sorry...
Is a 'U' a polygon?
No, the "U" shape is not a polygon. Polygons are closed figures made up only of line segments. The "U" shape includes a curved section, and is usually not a closed figure.
What are the benefits of PE?
It keeps you in shape and not aways fun but will help u get in shape. Also it can help you get out ur stress and anger.(if u have)
What shape is the intestines?
its basically an upside down U shape, but the right side (if your looking at it from the front angles to you anus at the bottom of the U.
What is the most common shape of tunnels?
An inverted U shape is the most common tunnel shape as this is the strongest.
What have a what shape while what have a what shape?
River valleys, U, Glacier Valleys, V.
What is the shape of Mg strip?
as u said its a strip therefore its rectangular in shape
Why are basketballs in the shape of a sphere?
no u should put them in the shape of a triangle stupid
What is the meaning of perimeter and area?
perimeter means inside of shape and u addarea means outside of shape and u multiplyperimeter and area questions
