For each size of plant a manufacturer could build, there is a different
a. long-run average fixed cost curve
b. long-run average variable cost curve
c. short-run average total cost curve
d. long-run average total cost curve
e. long-run marginal cost curve
Question 2
Which of the following is also known as the firm's planning curve?
a. the average total cost curve
b. the total cost curve
c. the long-run average cost curve
d. the long-run marginal cost curve
e. the fixed cost curve
