Barbour County Fair is a 8 day event being held from 26th August to the 2nd September 2017 at the Barbour County Fairgrounds in Elkins, USA. This event showcases products like a wide array of Antiques,...
When resources are unlimited, populations exhibit exponential growth, resulting in a J-shaped curve. When resources are limited, populations exhibit logistic growth. In logistic growth, population expansion decreases as resources become scarce.
Readers Question Economists describe both short run and long run average cost curves as u shaped. Provide a brief explanation why each of these curves might be considered u shaped. Short Run Cost curves are U shaped because of diminishing returns. In the short run capital is fixed.ong Run Cost Curves. The long run cost curves are u shaped for different reasons. It is due to economies of scale and diseconomies of scale. If a firm has high fixed costs, increasing output will lead to lower average costs. However, after a certain output, a firm may experience diseconomies of scale.