Explain that long-run marginal cost curve is derived from short-run marginal cost curves but does… 1 answer below »

Explain that long-run marginal consume deflexion is extraneous from short-run marginal consume deflexions but does not

envelope them. 7½ Explain the shapes of short-run consume deflexions—AFC, AVC, MC and SAC. Why the short-run middle consume deflexion is U-shaped? 7 ½ Derive diagrammatically the long-run furnish deflexion of a entirely competitive perseverance in subject of decreasing consumes and increasing consumes. 7½