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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?
Its the same I think :)
because sophie went to Nigeria
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?
Its the same I think :)
bell curve i believe is the word your looking for..Its called Normal Distribution :)
because sophie went to Nigeria
Modern theory of cost is that the Economist belief that the average cost curve and marginal cost curve (AC & MC) are "L" shaped.
An S-shaped curve is called a sigmoid curve. This term is used throughout the mathematical world and in healthcare settings.
explain what happens inside curve sample
Human spines are erect and have a S-shaped curve.
it is an exponential growth curve.