Week 2, part 8 - Deriving LRAC curve as envelope of SRACs (QME4015)
Автор: Anna Yartseva
Загружено: 2025-09-28
Просмотров: 143
Описание: This part of the lecture explains how long-run costs curves look like and demonstrates how the long-run AC curve is derived as an "envelope" of a series of standard short-run AC curves covered earlier. It also explains how a firm can minimise production costs by switching the scale of production or "plant size".
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