Long run average cost curve, Assignment Help, Homework Help

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Long run average cost curve

In long run there exist no fixed factors of production which implies all the factors of production are variable in nature. Long run average cost can be defined as per unit cost of production at distinct level of outputs by bringing variations in the scale of production. LRAC are also recognized as the covering curve of short run average cost curve (SRAC).

Long run average cost curve assignment help

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