Keppler, Jan Horst; Lallement, Jérôme - Université Paris-Dauphine (Paris IX) - 2006
The article discusses the origins of the U-shaped average cost curve, which is one of the most widely used tools in microeconomic analysis. Its widespread use leads many to consider it as a basic tool, obscuring the fact that the graph of the U-shaped average cost curve is part of a complex...