Question

Identify the odd one
(a)long run average cost
(b)short run average cost
(c)envelope curve
(d)planning curve​

Answer 1

Answer:

c

Explanation:

I think c is the answer of ur question

Answer 2

Among the following, the odd one is the short-run average cost. (option b)

• The cost involved in the short-term necessities of the production process is known as the short-run average cost.
• It is mostly the initial cost of set up.
• Envelope curve and planning curve are other terms used for long-run average cost. So option a, c, and d means the same.
• The long-run average cost is the minimum cost at which a company produces its output in the long run.
• Since the company has to plan well for obtaining a maximum output at a minimum cost over a long period, it is referred to as the planning curve.
• Since it envelopes the short-run average cost,  it is also referred to as the enveloping curve.