The minimum Long Run Average Cost LAC can be determined on a 2 marks I LAC curve for a nor...........

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The minimum Long Run Average Cost (LAC) can be determined on a (2 marks)

I. LAC curve for a normal production function

II. LAC curve for a linear production function

III. Planning curve

IV. Envelope curve

Codes :

I II III

II III IV

I III IV

I II IV

II III IV

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