UGC NET Economics - Write the answer of following questions based on below diagram :- 1.Defite I) Average Total Cost. II) Short run average cost curve III) long run average cost curve
![Graph a long run ATC and unlimited smaller short run cost curves, label the three prominent scales and explain each. | Homework.Study.com Graph a long run ATC and unlimited smaller short run cost curves, label the three prominent scales and explain each. | Homework.Study.com](https://homework.study.com/cimages/multimages/16/lrac9205331058047811380.jpg)
Graph a long run ATC and unlimited smaller short run cost curves, label the three prominent scales and explain each. | Homework.Study.com
Economics in Plain English » From short to long: Economies of scale and the long-run average total cost curve
![microeconomics - Why is the short run average cost curve not a tangent to the long run average cost curve at the lowest point on the short run average cost curve? - microeconomics - Why is the short run average cost curve not a tangent to the long run average cost curve at the lowest point on the short run average cost curve? -](https://i.stack.imgur.com/4lQBF.png)
microeconomics - Why is the short run average cost curve not a tangent to the long run average cost curve at the lowest point on the short run average cost curve? -
![Draw the short run marginal cost & Average cost curve. Explain the relationship between marginal cost and average cost.? | Homework.Study.com Draw the short run marginal cost & Average cost curve. Explain the relationship between marginal cost and average cost.? | Homework.Study.com](https://homework.study.com/cimages/multimages/16/screen_shot_2019-03-10_at_8.04.03_pm8907907340326640871.png)
Draw the short run marginal cost & Average cost curve. Explain the relationship between marginal cost and average cost.? | Homework.Study.com
![microeconomics - Why is the long-run average production cost not necessarily the same as the minimum average total cost? - Economics Stack Exchange microeconomics - Why is the long-run average production cost not necessarily the same as the minimum average total cost? - Economics Stack Exchange](https://i.stack.imgur.com/jB6Ln.jpg)