The LAC curve is also known as:

CA Foundation · Business Economics · MTP · September 2025
The LAC curve is also known as:
(A) A. Shut down curve
(B) B. Expansion path
(C) C. Planning curve
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (C)

C. Planning curve

Topics: Theory of Production and Cost

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