1.   But the yield curve is abnormally steep.

2.   But when the average cost curve is falling the Marginal cost curve lies below average cost.

3.   Change-up curves are what Mantle hits out of ball parks.

4.   Hence, long-term rates would be lower than short-term rates and the yield curve would be negative.

5.   If investors anticipate stable future interest rates, then the yield curve will be flat.

6.   Since there are no production externalities, this Marginal private cost curve is also the Marginal social cost curve.

7.   The more points you use, the smoother the curve will be.