Long-run versus short-run cost curves, Microeconomics

Long-Run Versus Short-Run Cost Curves

What happens to average costs when both the inputs are variable versus only having one input that is variable (short run)?

The Inflexibility of Short Run Production

 

1567_long run vs short run.png

Posted Date: 10/12/2012 3:24:08 AM | Location : United States







Related Discussions:- Long-run versus short-run cost curves, Assignment Help, Ask Question on Long-run versus short-run cost curves, Get Answer, Expert's Help, Long-run versus short-run cost curves Discussions

Write discussion on Long-run versus short-run cost curves
Your posts are moderated
Related Questions
how to solve major economic problem as a computer engineer

Problem 1: a. Use the circular flow model to explain the concepts of injections and withdrawals. b. Explain the concept of budget multiplier. c. Using the concept of mult



Can marginal cost be constant? If so, does this mean that marginal cost are equal to average variable cost?

Given that TC=1000+10Q-0.9Q^2+0.04Q^3,,Find the rate of output Q that result in minimum Average variable cost

Profits University creates student credit hours (y) with two inputs: Professors' hours of work (x1) and TAs' hours of work (x2) according to the manufacture function: f(x1,x2)= 10x

what is electronic configuration of fblock elements

Problems Using Point Elasticity - We may need to compute price elasticity over portion of demand curve instead of at a single point. - The price and quantity used as base wi

Cost Sharing in Higher Education - Graduate Tax Another commonly suggested measure is to tax the employers employing educated manpower. The case for this method is made on the