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Supply Curve and the Average Total cost

The long run ATC is like this
C= 30 - .01Q for Q <2 500
C= 5 for Q>= 2500

Demand curve = 50-0.001Q

draw the long-run supply curve (assume that cost of input does not increase as output increases).

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M940483

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