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Other Fields Homework Help Economics Topic started by: mbowdish on Mar 4, 2019



Title: The typical shape of the long-run average cost curve is like
Post by: mbowdish on Mar 4, 2019

Question 1.

Economies of scale exist where the long-run average cost curve is

• tangent to the marginal cost curve.

• downward sloping.

• horizontal.

• upward sloping.

Question 2.

The typical shape of the long-run average cost curve is like

• the letter "C."

• an inverse of the letter "V."

• the letter "U."

• a circle.


Title: The typical shape of the long-run average cost curve is like
Post by: Isack on Mar 4, 2019

Answer 1

downward sloping.

Answer 2

the letter "U."


Title: The typical shape of the long-run average cost curve is like
Post by: mbowdish on Mar 4, 2019
Appreciate the effort, thank you!