The long-run average total cost curve is and is found by using the _. A. upward-sloping; minimum point

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The long-run average total cost curve is and is found by using the _. A. upward-sloping; minimum point

across all possible ATC curves for a given quantity. B. U-shaped; maximum points along the MC curve at various marginal revenues. C. upward-sloping; maximum points along the MC curve at various marginal revenues. D. U-shaped; minimum point across all possible ATC curves for a given quantity.

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1 answer:

Sunny_sXe [5.5K] · Answer 1 · 2022-05-31T19:06:51+03:00

Answer: A. upward-sloping; minimum point across all possible ATC curves for a given quantity

The long run average total cost curve is U shaped because when production is increased the total average cost starts decreasing because of economies of scale and reach a minimum point at a certain level of production,and after that increasing production will increase the average cost, because dis economies of scale come into effect.

Explanation:

The​ long-run average total cost curve is​ __________ and is found by using the​ ___________. A. ​upward-sloping; minimum point

The long-run average total cost curve is and is found by using the _. A. upward-sloping; minimum point