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Author Question: Why do we refer to the long-run average cost curve as a "boundary"? (Read 61 times)

lauraleepop

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on: Oct 12, 2022
Why do we refer to the long-run average cost curve as a "boundary"?
◦ The points below the curve represent cost levels attainable to the firm only with adjustment of all factor prices.
◦ The points above the curve represent cost levels attainable to the firm only with adjustment of all factor prices.
◦ The points below the curve represent cost levels that are unattainable given current technology and factor prices.
◦ The points above the curve represent costs that are unattainable given current technology and factor prices.
◦ The points on the curve represent a boundary between fixed factor prices and variable factor prices.
Microeconomics ¦ Ragan ¦ 17th Edition
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Marked as best answer by lauraleepop on Oct 12, 2022

H.cope00

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Reply #1 on: Oct 12, 2022
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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lauraleepop

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Reply 2 on: Oct 12, 2022
:D TYSM

apple

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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