Economy, asked by maneeshchandra135, 1 year ago

What is meaning of pronounced in LAC curve

Answers

Answered by Anonymous

Long run average curve or LAC is calculated by dividing total cost in the long run by the level of output. In the short run, some factors are fixed and others can be varied to increase the level of output. But in the long run, none of the factors are fixed .

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maneeshchandra135: Less or more pronounce is not mentioned.

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