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If the Long-Run Average Total Cost Curve Is Flat, Then

question 37

Essay

If the long-run average total cost curve is flat, then what does this imply about specialisation? What will be the firm's efficient scale?


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After-Tax Net

The amount of money that remains after all taxes have been deducted from revenue or income.

Annual Interest

The interest amount that is earned or paid on a financial instrument in one calendar year.

Tax Rate

The percentage at which an individual or corporation is taxed on their income or property.

Bond Issue

A financing method for companies or governments to raise capital by issuing debt securities to investors, which are payable over a specified term.

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