CUET Preparation Today
The long run supply curve of a firm is the rising part of the____ curve from and above minimum LRAC together with 0 output for all prices less than the minimum ____. |
LRMC , LRAC LRAC, LRMC LRAC , LRAC LRMC , LRMC |
LRMC , LRAC |
The correct answer is Option 1: LRMC , LRAC The long run supply curve of a firm is the rising part of the LRMC curve from and above minimum LRAC together with 0 output for all prices less than the minimum LRAC. |
