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GCSE
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More cards in this set
Card 6
Front
what is the shape of the AFC curve & why
Back
Card 7
Front
what is the shape of the MC curve & why
Back
Card 8
Front
cont.
Back
Card 9
Front
what is the shape of the ATC curve & why?
Back
Card 10
Front
explain the shape of the LRAC curve & why
Back
Card 11
Front
when marginal>the average... / when marginal
Back
Card 12
Front
describe the relationship between the MC & AVC curve
Back
Card 13
Front
when marginal costs fall..... / when marginal costs begin to rise THE INCREASE OF TOTAL COST????
Back
Card 14
Front
what is the relationship between Economies of scale, diseconomies of scale and Long run average cost curves
Back
Card 15
Front
Describe the L-shaped Long run average cost curve
Back
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