What is the relationship between the short-run average cost curve and the long-run average cost curve? - Quora
Economics in Plain English » From short to long: Economies of scale and the long-run average total cost curve
![The competitive firm's short-run supply curve, a. starts at A and goes along the MC curve as quantity increases. b. starts at A and goes along the AVC curve as quantity increases. The competitive firm's short-run supply curve, a. starts at A and goes along the MC curve as quantity increases. b. starts at A and goes along the AVC curve as quantity increases.](https://homework.study.com/cimages/multimages/16/capture2418975798580903951.jpg)
The competitive firm's short-run supply curve, a. starts at A and goes along the MC curve as quantity increases. b. starts at A and goes along the AVC curve as quantity increases.
![SHORT-RUN COST CURVES in Managerial Economics Tutorial 23 April 2023 - Learn SHORT-RUN COST CURVES in Managerial Economics Tutorial (10117) | Wisdom Jobs India SHORT-RUN COST CURVES in Managerial Economics Tutorial 23 April 2023 - Learn SHORT-RUN COST CURVES in Managerial Economics Tutorial (10117) | Wisdom Jobs India](https://www.wisdomjobs.com/tutorials/short-run-cost-curves-10117.jpg)
SHORT-RUN COST CURVES in Managerial Economics Tutorial 23 April 2023 - Learn SHORT-RUN COST CURVES in Managerial Economics Tutorial (10117) | Wisdom Jobs India
![Draw the graph containing the ATC, AVC, MC, MR for a purely competitive firm operating in the long run (i.e. operating at 0 economic profits). Label everything including the profit maximizing level Draw the graph containing the ATC, AVC, MC, MR for a purely competitive firm operating in the long run (i.e. operating at 0 economic profits). Label everything including the profit maximizing level](https://homework.study.com/cimages/multimages/16/untitled9122276023584945599.png)
Draw the graph containing the ATC, AVC, MC, MR for a purely competitive firm operating in the long run (i.e. operating at 0 economic profits). Label everything including the profit maximizing level
![Draw a U-shaped, short-run ATC curve for a firm. Construct the accompanying MC and AVC curves. | Homework.Study.com Draw a U-shaped, short-run ATC curve for a firm. Construct the accompanying MC and AVC curves. | Homework.Study.com](https://homework.study.com/cimages/multimages/16/rtg-16002105490406817110.jpg)