If average variable cost curve is horizontal find the shape

Reference no: EM13456064

If the average variable cost curve is horizontal, what is the shape of the short-run marginal cost curve? What shape would the short-run average cost curve be? A firm's long-run total cost curve is TC(Q) = 100Q0.

Derive the equation for the corresponding long-run average cost curve. Does the firm's marginal cost curve lie above, below or on the firm's average cost curve? Explain.

Reference no: EM13456064

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