Directly related questions
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20N.3.HL.TZ0.1a:
Using information from Figure 1, calculate Firm A’s total fixed costs.
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20N.3.HL.TZ0.1a:
Using information from Figure 1, calculate Firm A’s total fixed costs.
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20N.3.HL.TZ0.a:
Using information from Figure 1, calculate Firm A’s total fixed costs.
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20N.2.HL.TZ0.3a.ii:
Define the term economies of scale indicated in bold in the text (paragraph [3]).
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20N.2.HL.TZ0.3a.ii:
Define the term economies of scale indicated in bold in the text (paragraph [3]).
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20N.2.HL.TZ0.a.ii:
Define the term economies of scale indicated in bold in the text (paragraph [3]).
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20N.2.HL.TZ0.4b:
Using a costs diagram, explain how the expansion of the coconut industry could lead to economies of scale (paragraph [4]).
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20N.2.HL.TZ0.4b:
Using a costs diagram, explain how the expansion of the coconut industry could lead to economies of scale (paragraph [4]).
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20N.2.HL.TZ0.b:
Using a costs diagram, explain how the expansion of the coconut industry could lead to economies of scale (paragraph [4]).
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21M.1.HL.TZ2.2a:
Explain the reasons for the shape of the long-run average total cost curve.
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21M.1.HL.TZ2.2a:
Explain the reasons for the shape of the long-run average total cost curve.
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21M.1.HL.TZ2.a:
Explain the reasons for the shape of the long-run average total cost curve.
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21M.3.HL.TZ0.3e.i:
Sketch the marginal product (MP) and average product (AP) curves for this firm.
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21M.3.HL.TZ0.3e.i:
Sketch the marginal product (MP) and average product (AP) curves for this firm.
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21M.3.HL.TZ0.e.i:
Sketch the marginal product (MP) and average product (AP) curves for this firm.
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21M.3.HL.TZ0.3e.ii:
Sketch the total product (TP) curve for this firm.
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21M.3.HL.TZ0.3e.ii:
Sketch the total product (TP) curve for this firm.
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21M.3.HL.TZ0.e.ii:
Sketch the total product (TP) curve for this firm.
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21M.3.HL.TZ0.3g.i:
Calculate the firm’s total variable costs if output is 20 000 widgets per month.
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21M.3.HL.TZ0.3g.i:
Calculate the firm’s total variable costs if output is 20 000 widgets per month.
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21M.3.HL.TZ0.g.i:
Calculate the firm’s total variable costs if output is 20 000 widgets per month.
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21M.3.HL.TZ0.3g.iii:
Calculate the firm’s monthly total fixed costs if output equals 50 000 units per month.
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21M.3.HL.TZ0.3g.iii:
Calculate the firm’s monthly total fixed costs if output equals 50 000 units per month.
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21M.3.HL.TZ0.g.iii:
Calculate the firm’s monthly total fixed costs if output equals 50 000 units per month.
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18M.1.HL.TZ1.2a:
Explain two factors that might give rise to economies of scale for a firm.
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18M.1.HL.TZ1.2a:
Explain two factors that might give rise to economies of scale for a firm.
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18M.1.HL.TZ1.a:
Explain two factors that might give rise to economies of scale for a firm.
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18N.3.HL.TZ0.1a.i:
Calculate Firm A’s average fixed costs when it is producing 125 cartons of coffee per month.
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18N.3.HL.TZ0.1a.i:
Calculate Firm A’s average fixed costs when it is producing 125 cartons of coffee per month.
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18N.3.HL.TZ0.a.i:
Calculate Firm A’s average fixed costs when it is producing 125 cartons of coffee per month.
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18N.3.HL.TZ0.1b.i:
Using Figure 2, calculate the average fixed costs when 80 cans per month are produced.
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18N.3.HL.TZ0.1b.i:
Using Figure 2, calculate the average fixed costs when 80 cans per month are produced.
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18N.3.HL.TZ0.b.i:
Using Figure 2, calculate the average fixed costs when 80 cans per month are produced.
- 18N.3.HL.TZ0.1b.iii: Explain why in the short run, as output increases, marginal costs typically decrease and then...
- 18N.3.HL.TZ0.1b.iii: Explain why in the short run, as output increases, marginal costs typically decrease and then...
- 18N.3.HL.TZ0.b.iii: Explain why in the short run, as output increases, marginal costs typically decrease and then...
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19M.1.HL.TZ1.1a:
Explain the relationship between the law of diminishing returns and a firm’s short-run cost curves.
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19M.1.HL.TZ1.1a:
Explain the relationship between the law of diminishing returns and a firm’s short-run cost curves.
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19M.1.HL.TZ1.a:
Explain the relationship between the law of diminishing returns and a firm’s short-run cost curves.
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19M.2.HL.TZ0.1a.ii:
Define the term variable costs indicated in bold in the text (paragraph [4]).
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19M.2.HL.TZ0.1a.ii:
Define the term variable costs indicated in bold in the text (paragraph [4]).
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19M.2.HL.TZ0.a.ii:
Define the term variable costs indicated in bold in the text (paragraph [4]).
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19M.3.HL.TZ0.1k.i:
Calculate the average fixed cost per ticket if all tickets are sold.
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19M.3.HL.TZ0.1k.i:
Calculate the average fixed cost per ticket if all tickets are sold.
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19M.3.HL.TZ0.k.i:
Calculate the average fixed cost per ticket if all tickets are sold.
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19N.1.HL.TZ0.2a:
Explain how two types of economies of scale can lead to a fall in long-run average costs.
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19N.1.HL.TZ0.2a:
Explain how two types of economies of scale can lead to a fall in long-run average costs.
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19N.1.HL.TZ0.a:
Explain how two types of economies of scale can lead to a fall in long-run average costs.
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19N.3.HL.TZ0.1b:
Using a fully labelled diagram, outline the relationship between marginal product (MP) and average product (AP) of labour.
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19N.3.HL.TZ0.1b:
Using a fully labelled diagram, outline the relationship between marginal product (MP) and average product (AP) of labour.
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19N.3.HL.TZ0.b:
Using a fully labelled diagram, outline the relationship between marginal product (MP) and average product (AP) of labour.
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18N.3.HL.TZ0.1a.ii:
Calculate Firm A’s average variable costs when it is producing 125 cartons of coffee per month.
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18N.3.HL.TZ0.1a.ii:
Calculate Firm A’s average variable costs when it is producing 125 cartons of coffee per month.
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18N.3.HL.TZ0.a.ii:
Calculate Firm A’s average variable costs when it is producing 125 cartons of coffee per month.
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18N.3.HL.TZ0.1b.ii:
Using Figure 2, calculate the total costs when 55 cans per month are produced.
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18N.3.HL.TZ0.1b.ii:
Using Figure 2, calculate the total costs when 55 cans per month are produced.
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18N.3.HL.TZ0.b.ii:
Using Figure 2, calculate the total costs when 55 cans per month are produced.
- 21M.3.HL.TZ0.3d: It has been observed that the law of diminishing returns operates in the widget...
- 21M.3.HL.TZ0.3d: It has been observed that the law of diminishing returns operates in the widget...
- 21M.3.HL.TZ0.d: It has been observed that the law of diminishing returns operates in the widget...
Sub sections and their related questions
Production in the short run: the law of diminishing returns
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19M.1.HL.TZ1.1a:
Explain the relationship between the law of diminishing returns and a firm’s short-run cost curves.
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19M.3.HL.TZ0.1k.i:
Calculate the average fixed cost per ticket if all tickets are sold.
- 21M.3.HL.TZ0.3d: It has been observed that the law of diminishing returns operates in the widget...
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21M.3.HL.TZ0.3e.i:
Sketch the marginal product (MP) and average product (AP) curves for this firm.
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21M.3.HL.TZ0.3e.ii:
Sketch the total product (TP) curve for this firm.
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19M.3.HL.TZ0.1k.i:
Calculate the average fixed cost per ticket if all tickets are sold.
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19M.3.HL.TZ0.k.i:
Calculate the average fixed cost per ticket if all tickets are sold.
- 21M.3.HL.TZ0.3d: It has been observed that the law of diminishing returns operates in the widget...
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21M.3.HL.TZ0.3e.i:
Sketch the marginal product (MP) and average product (AP) curves for this firm.
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21M.3.HL.TZ0.3e.ii:
Sketch the total product (TP) curve for this firm.
- 21M.3.HL.TZ0.d: It has been observed that the law of diminishing returns operates in the widget...
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21M.3.HL.TZ0.e.i:
Sketch the marginal product (MP) and average product (AP) curves for this firm.
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21M.3.HL.TZ0.e.ii:
Sketch the total product (TP) curve for this firm.
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19M.1.HL.TZ1.1a:
Explain the relationship between the law of diminishing returns and a firm’s short-run cost curves.
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19M.1.HL.TZ1.a:
Explain the relationship between the law of diminishing returns and a firm’s short-run cost curves.
Costs of production: economic costs
NoneCosts of production in the short run
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18N.3.HL.TZ0.1a.i:
Calculate Firm A’s average fixed costs when it is producing 125 cartons of coffee per month.
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18N.3.HL.TZ0.1a.ii:
Calculate Firm A’s average variable costs when it is producing 125 cartons of coffee per month.
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18N.3.HL.TZ0.1b.i:
Using Figure 2, calculate the average fixed costs when 80 cans per month are produced.
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18N.3.HL.TZ0.1b.ii:
Using Figure 2, calculate the total costs when 55 cans per month are produced.
- 18N.3.HL.TZ0.1b.iii: Explain why in the short run, as output increases, marginal costs typically decrease and then...
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19M.2.HL.TZ0.1a.ii:
Define the term variable costs indicated in bold in the text (paragraph [4]).
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19N.3.HL.TZ0.1b:
Using a fully labelled diagram, outline the relationship between marginal product (MP) and average product (AP) of labour.
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20N.3.HL.TZ0.1a:
Using information from Figure 1, calculate Firm A’s total fixed costs.
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21M.3.HL.TZ0.3g.i:
Calculate the firm’s total variable costs if output is 20 000 widgets per month.
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21M.3.HL.TZ0.3g.iii:
Calculate the firm’s monthly total fixed costs if output equals 50 000 units per month.
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19N.3.HL.TZ0.1b:
Using a fully labelled diagram, outline the relationship between marginal product (MP) and average product (AP) of labour.
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19N.3.HL.TZ0.b:
Using a fully labelled diagram, outline the relationship between marginal product (MP) and average product (AP) of labour.
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20N.3.HL.TZ0.1a:
Using information from Figure 1, calculate Firm A’s total fixed costs.
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20N.3.HL.TZ0.a:
Using information from Figure 1, calculate Firm A’s total fixed costs.
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21M.3.HL.TZ0.3g.i:
Calculate the firm’s total variable costs if output is 20 000 widgets per month.
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21M.3.HL.TZ0.3g.iii:
Calculate the firm’s monthly total fixed costs if output equals 50 000 units per month.
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21M.3.HL.TZ0.g.i:
Calculate the firm’s total variable costs if output is 20 000 widgets per month.
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21M.3.HL.TZ0.g.iii:
Calculate the firm’s monthly total fixed costs if output equals 50 000 units per month.
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18N.3.HL.TZ0.1a.i:
Calculate Firm A’s average fixed costs when it is producing 125 cartons of coffee per month.
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18N.3.HL.TZ0.1a.ii:
Calculate Firm A’s average variable costs when it is producing 125 cartons of coffee per month.
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18N.3.HL.TZ0.1b.i:
Using Figure 2, calculate the average fixed costs when 80 cans per month are produced.
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18N.3.HL.TZ0.1b.ii:
Using Figure 2, calculate the total costs when 55 cans per month are produced.
- 18N.3.HL.TZ0.1b.iii: Explain why in the short run, as output increases, marginal costs typically decrease and then...
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18N.3.HL.TZ0.a.i:
Calculate Firm A’s average fixed costs when it is producing 125 cartons of coffee per month.
-
18N.3.HL.TZ0.a.ii:
Calculate Firm A’s average variable costs when it is producing 125 cartons of coffee per month.
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18N.3.HL.TZ0.b.i:
Using Figure 2, calculate the average fixed costs when 80 cans per month are produced.
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18N.3.HL.TZ0.b.ii:
Using Figure 2, calculate the total costs when 55 cans per month are produced.
- 18N.3.HL.TZ0.b.iii: Explain why in the short run, as output increases, marginal costs typically decrease and then...
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19M.2.HL.TZ0.1a.ii:
Define the term variable costs indicated in bold in the text (paragraph [4]).
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19M.2.HL.TZ0.a.ii:
Define the term variable costs indicated in bold in the text (paragraph [4]).
Production in the long run: returns to scale
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18M.1.HL.TZ1.2a:
Explain two factors that might give rise to economies of scale for a firm.
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20N.2.HL.TZ0.3a.ii:
Define the term economies of scale indicated in bold in the text (paragraph [3]).
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21M.1.HL.TZ2.2a:
Explain the reasons for the shape of the long-run average total cost curve.
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20N.2.HL.TZ0.3a.ii:
Define the term economies of scale indicated in bold in the text (paragraph [3]).
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20N.2.HL.TZ0.a.ii:
Define the term economies of scale indicated in bold in the text (paragraph [3]).
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21M.1.HL.TZ2.2a:
Explain the reasons for the shape of the long-run average total cost curve.
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21M.1.HL.TZ2.a:
Explain the reasons for the shape of the long-run average total cost curve.
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18M.1.HL.TZ1.2a:
Explain two factors that might give rise to economies of scale for a firm.
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18M.1.HL.TZ1.a:
Explain two factors that might give rise to economies of scale for a firm.
Costs of production in the long run
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19N.1.HL.TZ0.2a:
Explain how two types of economies of scale can lead to a fall in long-run average costs.
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20N.2.HL.TZ0.4b:
Using a costs diagram, explain how the expansion of the coconut industry could lead to economies of scale (paragraph [4]).
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21M.1.HL.TZ2.2a:
Explain the reasons for the shape of the long-run average total cost curve.
-
19N.1.HL.TZ0.2a:
Explain how two types of economies of scale can lead to a fall in long-run average costs.
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19N.1.HL.TZ0.a:
Explain how two types of economies of scale can lead to a fall in long-run average costs.
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20N.2.HL.TZ0.4b:
Using a costs diagram, explain how the expansion of the coconut industry could lead to economies of scale (paragraph [4]).
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20N.2.HL.TZ0.b:
Using a costs diagram, explain how the expansion of the coconut industry could lead to economies of scale (paragraph [4]).
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21M.1.HL.TZ2.2a:
Explain the reasons for the shape of the long-run average total cost curve.
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21M.1.HL.TZ2.a:
Explain the reasons for the shape of the long-run average total cost curve.