What is use of long-run average total cost curve in output, Macroeconomics

Assignment Help:

What is the use of long-run average total cost curve in the producing output?

The long-run average total cost curve demonstrates the relationship in between output and average total cost while fixed cost has been selected to minimize average total cost for every level of output.

1005_Short-Run and Long-Run Average Total Cost Curves.png

Short-Run and Long-Run Average Total Cost Curves


Related Discussions:- What is use of long-run average total cost curve in output

Internal market forces, what are some internal market forces and how is the...

what are some internal market forces and how is the outcome of output, jobs, prices, growth, and international balance

Change in demand for the product, The price will change in the market, only...

The price will change in the market, only due to the change in demand for the product. True or false

Current value of investment, An investment promised a payoff of $195 two an...

An investment promised a payoff of $195 two and a half years from today. At a discount rate of 75% per year what is the present value of this investment? A. 169.47 B. Not enoug

When ochratoxin molds can occur, Q. When Ochratoxin molds can occur? Oc...

Q. When Ochratoxin molds can occur? Ochratoxin A is a phenylalanyl derivative of a substituted isocoumarin produced by Penicillium verrucosum in temperate climate and by severa

Credit multiplier, use a numerical example to illustrate how credit multipl...

use a numerical example to illustrate how credit multiplier works

Give a brief description of the transmission mechanism, Give a brief descri...

Give a brief description of the transmission mechanism 1. When the central bank target rate increases, other interest rates in the economy will increase (and the money supply

Assignment, derive equations for IS,LM and AD curves.

derive equations for IS,LM and AD curves.

Marginal approach to profit maximization, The marginal approach to profit m...

The marginal approach to profit maximization means that a firm should produce until a. marginal revenue equals zero b. marginal revenue equals marginal costs c. marginal cost becom

Concept of growth and growth rate, The Concept of Growth and Growth Rate is...

The Concept of Growth and Growth Rate is explained below: Economic growth is rise in an economy’s level of the production of commodities, output or income. We can talk about th

Importance of macroeconomics models, Importance of macroeconomics models ...

Importance of macroeconomics models Using the models we can, for example, analyze what happens when the government increases consumption, when the central bank increases the tar

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd