which of the following curves is used for planning
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The name planning curve indicates that the long-run average cost curve is used to "making plans" especially concerning the desired scale of operations of a firm.
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long-run average cost curve
Because a company plans to create any production in the long term by selecting a plant on the curve that corresponds to the given output, this curve is commonly referred to as the planning curve. The curve aids the company in determining the best production level for delivering a certain output at the lowest possible cost.
It is the foundation upon which the producer change the size of the unit that should be used to produce optimally.
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