Envelope curve is also called:

CA Foundation · Business Economics · MTP · June 2024
Envelope curve is also called:
(A) A. Long Run Average Cost curve
(B) B. Short Run Average Cost curve
(C) C. Average Fixed Cost
(D) D. None of these

Suggested Answer and Working Notes:

Correct Answer: Option (A)

A. Long Run Average Cost curve

Topics: Theory of Production and Cost

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