Economy, asked by luckysingh9813, 11 months ago

Why is the short-run average cost-curve u shaped?

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Answered by Anonymous

7

Answer:

The nature of short period Average Cost Curve is 'U' shaped. To begin with, the Average Costs are high at low levels of output because both the Average Fixed Costs and Average Variable Costs are more. ... The nature 'U' shaped short-run Average Cost curve can be attributed to the law of variable proportions.

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