Question

the average cost curve in the short run is

Answer 1

In the short run, the shape of the average total cost curve (ATC) is U-shaped. The, short run average cost curve falls in the beginning, reaches a minimum and then begins to rise. The reasons for the average cost to fall in the beginning of production are that the fixed factors of a firm remain the same

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Answer 2

A U shaped short run Average Cost(AC) curve. AVC is the AverageVariable Cost, AFC the Average FixedCost, MC the marginal cost crossing the minimum of the Average Cost curve.