Write a short note on the relationship between firm’s short-run cost curves and supply curve. Under.
Write a deficient voice on the relationship among determined’s deficient-run absorb incurvations and contribute incurvation. Subordinate what conditions is the toil contribute incurvation is a downward sloping one? Show graphically how long-run contribute incurvations of an toil are drawn subordinate consummate rivalry? Also represent graphically the origin of the long-rum contribute incurvation of a determined subordinate consummate rivalry.