Question

write a phase to describe the following a) a movement along the ATC curve b) a...

write a phase to describe the following
a) a movement along the ATC curve

b) a movement along the MR curve

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Answer #1

a) Movement along ATC curve due to the change in the Output.

As output rises ATC declines due to the increasing return to scale and attains its minimum point and after that, it starts rising due to the diseconomies of the scale.

b) Movement along MC curve due to the change in the Output.

As output rises MC declines due to the increasing return to scale and attains its minimum point and after that, it starts rising due to the diseconomies of the scale.

MC curve cuts the ATC curve from its minimum.

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