Question
A firm is reaping economies of scale and is on both its LRAC curve and its short-run ATC curve. At that level of output, the
A firm is reaping economies of scale and is on both its LRAC curve and its short-run ATC curve. At that level of output, the slope of its LRAC curve is _____________ in this question, why the answer is both are negative?
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Macroeconomics Theories and Policies
Authors: Richard T. Froyen
10th edition
013283152X, 978-0132831529
