Economics 9708 · AS & A Level · 7.5

7.5 — practice question

The table presents a firm’s long-run total cost schedule. Which graph illustrates the shape of the firm’s long-run average cost curve?

  • AGraph A (LRAC depicted)
  • BGraph B (LRAC depicted)
  • C[IMAGE:9708_w13_qp_32_p5_diagram_5]
  • D[IMAGE:9708_w13_qp_32_p5_diagram_4]

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