When does the long run TC curve become a straight line through the origin?
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5
Answer:
may be........
Explanation:
The long-run average cost (LRAC) curve shows the lowest cost for producing each quantity of output when fixed costs can vary, and so it is formed by the bottom edge of the family of SRAC curves.
Answered by
0
Answer:
The long run TC curve become a straight line through the origin because of the operation of Constant Returns To Scale ( CRS ) .
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