#62 | Least Cost Combination | Producer Equilibrium | Isoquant Curve | UGC NET |
Channel: MAHAVIDYA ECONOMICS SCHOOL
Date: 24/05/2023

#62 | Least Cost Combination | Producer Equilibrium | Isoquant Curve | UGC NET |

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ECONOMICES AND Diseconomices  OF SCALE
  

 • Economies of scale  
RETURN TO SCALE
  

 • Return to scale| ...  

long run average cost curve shows the minimum per unit cost of producing each level of output when the capacity  of firm can be  varied. the LAC curve is derived from the SAC curve. LAC curve is a curve  tangent to all the SAC.