Why should I choose AnalystNotes?

AnalystNotes specializes in helping candidates pass. Period.

Find out more

Basic Question 16 of 29

The short-run average total cost curve is generally assumed to be ______.

A. U-shaped
B. upward-sloping
C. downward-sloping
Check Answer Previous Q Next Q Print

User Contributed Comments 2

User Comment
boddunah what about LRAC curve?
in the long run ,all inputs are variable.technology,plant size so LRAC should be downward sloping.right?
boddunah technology and plant size use capital so fixed costs should go up.at low production level, high LRAC and at high production level , low LRAC .anyone wanna add more?
You need to log in first to add your comment.
Your review questions and global ranking system were so helpful.
Lina

Lina

Learning Outcome Statements

determine and interpret break even and shutdown points of production, as well as how economies and diseconomies of scale affect costs under perfect and imperfect competition

CFA® 2024 Level I Curriculum, Volume 1, Module 1.