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What is the use of long-run average total cost curve in the producing output?
The long-run average total cost curve demonstrates the relationship in between output and average total cost while fixed cost has been selected to minimize average total cost for every level of output.
Short-Run and Long-Run Average Total Cost Curves
what does phillip curve signify? how do you reconcile the difference in the shap of the curve in the short run and the long run?
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critically examine Keynesian theory of employment?
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