Answer
a. planning curve
Work Step by Step
Long run average total cost is called the planning curve because it is used to help the firm decide how much to produce in order to be optimal.
Economics: Principles, Problems, and Policies, 19th Edition
by McConnell, Campbell R.; Brue, Stanley L.; Flynn, Sean M.
Published by
McGraw-Hill Education
ISBN 10:
0073511447
ISBN 13:
978-0-07351-144-3
Chapter 7 - Businesses and the Costs of Production - Quick Quiz for Figure 7.8 - Page 154: 3
Update this answer!
You can help us out by revising, improving and updating this answer.
Update this answerAfter you claim an answer you’ll have 24 hours to send in a draft. An editor will review the submission and either publish your submission or provide feedback.
