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If Your Plant Is Operating in the Positively-Sloped Portion of a Long-Run

question 15

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If your plant is operating in the positively-sloped portion of a long-run average cost curve, this could be the result of:


Definitions:

Adjacent Side

In a right-angled triangle, the side that is next to the angle of interest and forms one side of that angle.

Opposite Side

Typically refers to the side that is diametrically opposed to a referenced side or point, often used in geometrical contexts or discussions of relative positions.

Cosine

In trigonometry, it is the ratio of the adjacent side of the angle and the hypotenuse.

Adjacent

Next to or beside.

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