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#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
The long-run average total cost (LRATC) curve shows the minimum average total cost for each level of [...] assuming that the plant size (scale of the firm) can be adjusted
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Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
The long-run average total cost (LRATC) curve shows the minimum average total cost for each level of [...] assuming that the plant size (scale of the firm) can be adjusted
Answer
?

Tags
#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
Question
The long-run average total cost (LRATC) curve shows the minimum average total cost for each level of [...] assuming that the plant size (scale of the firm) can be adjusted
Answer
output
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The long-run average total cost (LRATC) curve shows the minimum average total cost for each level of output assuming that the plant size (scale of the firm) can be adjusted

Original toplevel document (pdf)

owner: iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p88

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