Explain the LAC curve....and also comment on it's shape...
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The LAC curve is a planning curvebecause it is the curve which helps a firm to decide which plant is to be established in order to produce an output level consistent with the optimal cost. The firm selects that short run plant which yields the minimum cost of producing
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chavichavi:
thanxx alot.....
r u in 12th????
hahaah
w r u laughing???
ohh in 11th......then it is very greatful to u....
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