58 939
Assignments Done
Successfully Done
In March 2018
Your physics homework can be a real challenge, and the due date can be really close — feel free to use our assistance and get the desired result.
Be sure that math assignments completed by our experts will be error-free and done according to your instructions specified in the submitted order form.
Our experts will gladly share their knowledge and help you with programming homework. Keep up with the world’s newest programming trends.

Answer on Macroeconomics Question for Ash

Question #41328
Explain why the short run ATC is U shaped. Explain why the long run ATC is also U shaped. How are the two curves different?
Expert's answer
As you produce more, you experience economies of scale, so ATC drops. At some point, you begin to experience diseconomies of scale, so ATC rises. In other words, when MC is below ATC, ATC is falling, but when MC is above ATC (after it crosses), ATC rises, thus the U shape.
Long run costs have no fixed factors of production, while short run costs have fixed factors and variables that impact production.

Need a fast expert's response?

Submit order

and get a quick answer at the best price

for any assignment or question with DETAILED EXPLANATIONS!


No comments. Be first!

Leave a comment

Ask Your question