I'm doing unit 3 economics and was wanted to know if I have show these concepts correctly on the average cost curve.
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Returns to Scale, Economies of Scale LRAC and SRAC watch
- Thread Starter
Last edited by 1234sam1234; 18-05-2013 at 14:23.
- 18-05-2013 09:22
- 18-05-2013 18:44
Yes, they look correct. I don't think that you need the SRAC minimum to touch the LRAC?
- 19-05-2013 15:37
- 26-05-2013 10:24
Yup, looks alright to me.