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







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