Question

Which one of the following is also known as planning curve?
(a) Long-term average cost curve
(b) Short-term average cost curve
(c) Average variable cost curve
(d) Average total cost curve

Answer 1

Explanation:

Which one of the following is also known as planning curve?

(a) Long-term average cost curve

(b) Short-term average cost curve✔️✔️

(c) Average variable cost curve

(d) Average total cost curve

Answer 2

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Short-term average cost curve

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