What is the relationship between the long-run average cost curve and the short-run average cost curves with the help of diagrams
What Is The Relationship Between The Long Run Average Cost Curve And The Short Run Average Cost Curves?
What is the relationship between the long run average cost curve and the short run average cost curve?
10.5pt COLOR: Black; LINE-HEIGHT: 115%; : 'Verdana','sans-serif'">Basically long run average cost curve and the short run average cost curves are related through the type of the cost. In the long run cost curve there is no fixed cost and only variable cost is involved while in the short run cost curve the main component of the curve is because of the fixed cost component.
10.5pt COLOR: Black; LINE-HEIGHT: 115%; : 'Verdana','sans-serif'">cost curves
10.5pt COLOR: Black; LINE-HEIGHT: 115%; : 'Verdana','sans-serif'">
10.5pt COLOR: Black; LINE-HEIGHT: 115%; : 'Verdana','sans-serif'">cost curves
10.5pt COLOR: Black; LINE-HEIGHT: 115%; : 'Verdana','sans-serif'">
