下载亿题库APP
联系电话：400-660-1360
下载亿题库APP
联系电话：400-660-1360
请谨慎保管和记忆你的密码，以免泄露和丢失
请谨慎保管和记忆你的密码，以免泄露和丢失
Short- and Long-Run Cost Curves
Short- and Long-Run Cost Curves
At higher levels of fixed input, TFC is greater but the production capacity of the firm is also greater.
The long-run total costcurve is derived from the lowest level of STC for each level of output—an “envelope curve.”
For each STC curve, there is also a corresponding short-run average total cost (SATC) curve and a corresponding long-run average total cost (LRAC) curve.
486Total, Variable, Fixed, and Marginal Cost and Output:Variable,Fixed,Output:is the summation of all expenses that do not change as the level of production:varies.Total[Practice
144Short-Run Equilibrium in Monopolistic Competition:π = TR – TC
177Short- and Long-Run Cost Curves:Short-“and Long-Run Cost Curves”cost SATC curve and a corresponding long-runaverage total cost LRAC curve.
微信扫码关注公众号
获取更多考试热门资料
