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Why is the long run average cost curve known as the envelope curve or planning curve?
Wiki User
∙ 15y ago
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.
Wiki User
∙ 15y ago
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Why is long run average cost curve known as the 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.
Why is the demand curve referred to as a marginal benefit curve?
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.
Why doe the marginal cost curve go through the lawest point of average cost 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 horizontal sum of all individual demand curves is known as?
The MArket Demand Curve
The Dow Jones Industrial Average is a well-known example of which of these?
Index
Why is long run average cost curve known as the 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.
What do you call the envelope of gas around the earth?
The envelope of gas around the Earth is officially known as the atmosphere.
Contract curve also known as conflict curve?
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.
How do you get symmetric Gaussian curve?
when the signals are symmetric then this signals are gaussian In statistics, the Gaussian curve, also known as the Normal curve, is symmetrical.
Why is the demand curve referred to as a marginal benefit curve?
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.
Who first designed French curve tools?
Ludwig Burmester, a German geometer, invented the Burmester curve also known as the French curve.
What is the double membrane surrounding the nucleus?
The nuclear membrane Actually, i think it is called the nuclear envelope.
What is the address written on the envelope of a letter known as?
The recipients address.
What is the name of the slight curve on the water?
It is known as the meniscus.
Is an envelope a polygon?
Yes it is a 4 sided polygon known as a quadrilateral
What represents the nuclear membrane?
The nuclear membrane of a cell is also known as the nuclear envelope.
Why doe the marginal cost curve go through the lawest point of average cost 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
