Ask a New Question

Question

(Long-Run Average Cost Curve) Explain the shape of the long-run average cost curve. What does “minimum efficient scale” mean?
Nov 11, 2011

Answers

Related Questions

if production displays economies of scale, the long run average cost curve is: a) upward sloping... a) Explain why a short run average cost curve only touches the long run average cost curve at one po... in long-run equilibrium, a perfectly competitive firm's short-run marginal cost curve crosses the lo... Which of the following concepts can be demonstrated graphically and is relevant to a firm’s decision...
Ask a New Question
Archives Contact Us Privacy Policy Terms of Use