why do we use only lac curve in the long run instead of satc and savc curves in the short run 89

Name: why do we use only lac curve in the long run instead of satc and savc curves in the short run 89178
Uploaded: 2021-04-25T16:29:56-08:00
Duration: 1 min 37 s
Channel: Yingtai Xiao
Description: why do we use only lac curve in the long run instead of satc and savc curves in the short run 89178

Question

Yingtai Xiao · Accepted Answer

Step 1: In the short run, firms are constrained by their existing levels of fixed inputs such as

Question

Why do we use only LAC curve in the long run instead of SATC and SAVC curves in the short run?

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