SRAC is the acronym for which concept related to costs at different levels of production?
A) strategic reasoning and costs
B) short-run accounting costs
C) short-run average cost
D) strategic rights and company
E) strategic revenues and costs

Question

Quizplus · Accepted Answer

SRAC stands for short-run average cost which refers to the average cost of production over a short-term period where some costs may be fixed and others may be variable.

SRAC Is the Acronym for Which Concept Related to Costs