The planning curve is the
A) long-run average cost curve.
B) production function.
C) short-run marginal cost curve.
D) short-run average cost curve.

Name: The planning curve is the A) long-run average cost curve. B) production function. C) short-run marginal cost curve. D) short-run average cost curve.
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Question

Quizplus · Accepted Answer

The planning curve refers to the long-run average cost curve, which shows the lowest possible cost at which a firm can produce any given level of output in the long run, when all inputs are variable.

The Planning Curve Is the