Pearson eText Economics -- Instant Access (Pearson+)
Pearson eText Economics -- Instant Access (Pearson+)
13th Edition
ISBN: 9780136879459
Author: Michael Parkin
Publisher: PEARSON+
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Chapter 11.4, Problem 3RQ
To determine

Long run average cost curve and its relation to short run average total cost curve.

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Students have asked these similar questions
Why the ATC under the MC curve?
What does a firm’s LRAC curve show? How is it related to the firm’s short-run ATC curves?  
Hi, I am studying chapter 11 from Microeconomics 21st edition. I am still confused about a certain concept. Why does MC cut ATC at its minimum point?Thank you
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