the average variable cost curve and average cost curve are u- shaped because of the law of variable proportions.
L shapes cost curvr is a long run cost curve
what is the relationship between long run average cost curve and short run average cost curve?
The average cost curve shows the average cost per unit of production for a firm. It is derived from the total cost curve, which represents the total cost of production at different levels of output. The average cost curve is U-shaped, indicating that as production increases, average costs initially decrease due to economies of scale, then increase due to diminishing returns. The relationship between the average cost curve and production costs is that the average cost curve reflects how efficiently a firm is producing goods or services in relation to its total costs.
Its the same I think :)
the average variable cost curve and average cost curve are u- shaped because of the law of variable proportions.
bell curve
L shapes cost curvr is a long run cost curve
what is the relationship between long run average cost curve and short run average cost curve?
The average cost curve shows the average cost per unit of production for a firm. It is derived from the total cost curve, which represents the total cost of production at different levels of output. The average cost curve is U-shaped, indicating that as production increases, average costs initially decrease due to economies of scale, then increase due to diminishing returns. The relationship between the average cost curve and production costs is that the average cost curve reflects how efficiently a firm is producing goods or services in relation to its total costs.
Its the same I think :)
bell curve i believe is the word your looking for..Its called Normal Distribution :)
Modern theory of cost is that the Economist belief that the average cost curve and marginal cost curve (AC & MC) are "L" shaped.
because sophie went to Nigeria
explain what happens inside curve sample
An S-shaped curve is called a sigmoid curve. This term is used throughout the mathematical world and in healthcare settings.
Human spines are erect and have a S-shaped curve.