If the long-run marginal cost curve is-shaped, must the long-run average cost curve also be-shaped?

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Microeconomics Theory and Applications

ISBN: 978-1118758878

12th edition

Authors: Edgar K. Browning, Mark A. Zupan

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Question Posted: Nov 14, 2014 08:25 AM

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If the long-run marginal cost curve is-shaped, must the long-run average cost curve also be-shaped?

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Yes Longrun average cost will fall as long as longrun ma...View the full answer

Microeconomics Theory and Applications

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