Problem
1. Suppose the graph of the average variable cost curve is flat. What shape would the short-run marginal cost curve be? What shape would the short-run average cost curve be?
2. Suppose that the minimum level of short-run average cost was the same for every possible plant size. What would that tell you about the shapes of the longrun average and long-run marginal cost curves?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.