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HINDI
AMIL TELUGU
PATH
DRETER
SIODHAATH ADAN0
PRODUCR
AOITYA CHOPRA JAN

also be constructed by plotting the

The LMC can
with respect to
derivative of long-run total cost
LMC is not the
level. In any case, the
output cost curves.
of the short r u n marginal
envelope beloW
of SMC c u r v e s may lie
Therefore, portions
the LMC curve.

short and the long run

In other words, the
cost curves may cross.
Further, the LMC
marginal cost
curve is flatter than
the short-run marginal

curve as (i) the U shape

of the LAC curve is less
the SAC curve, and (i)
pronounced than that of
costs rise more sharply in
short run than
marginal
in the long run.

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HInOI
HML
PATH.
TELUGU OIRECTOR SI0DHARTH ANAND PROBUCER AOIT YA CHOPRR
JAN
The LMC can also be constructed by plotting the
derivative of long-run total cost with respect to
output level. In any case, the LMC is not the
envelope of the short run marginal cost curves.
Therefore, portions of SMC curves may lie below
the LMC curve.

In other words, the short and the long run

marginal cost curves may cross. Further, the LMC
curve is flatter than the short-run marginal cost
curve as (i) the U shape of the LAC curve is less
pronounced than that of the SAC curve, and (i)
marginal costs rise more sharply in short run than

We use cookies on our website to give you the most

relevant experience by remembering your
preferences and repeat visits. By clicking "Accept",
you consent to the use of ALL the cookies.
Do not sell my personal information.

Cookie Settings Accept