the LRATC curve has a shallower U shape that the SRATC because some inputs fixed in the long run....

Question

the LRATC curve has a shallower U shape that the SRATC because some inputs fixed in the long run. True or False. Why

David · Accepted Answer

LRTAC and SRATC 
False: The LRATC curve has a shallower U shape that the SRATC 
because all inputs are variable in the long run. Some factors of production are 
fixed in the short run, like the size of the physical plant or certain machinery. 
Once a firm chooses the size of the plant it cannot alter it in the short run. When 
a firm wants to increase production,

the LRATC curve has a shallower U shape that the SRATC because some inputs fixed in the long run. True or False. Why

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