4.2(c) When AC is Constant, MC Coincides with AC Costs in the Long-run Long- run refers to that period of time over which all factors are variable. The firm ... The long-run average cost curve (LAC) is flat U-shaped curve enveloping a seriesanbsp;...
|Title||:||Econ., Acc., And Man For Jntu|
|Publisher||:||Tata McGraw-Hill Education - 2006-04-01|