Louisiana State University, Shreveport ECON ECON 705 Sets of Isoquants 1. The slope of an isoquant curve shows Select…
. Companies in a particular industry may typically be small because
a. there is a flat portion of the long-run average cost curve.
b. the minimum long-run average cost is reached at a relatively low level of output.
c. the long-run average cost curves of such firms has a very long range of economies of scale.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.