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Difference between long run average cost and short run average cost?
Alpeshladhani
A short run is a periopd of time in which some factors of production(machinery,building,technical labour)can't be changed due to insufficiency of time while others like(raw material,ordinary labour,power etc.)can be changedaccording to the output to be produced.
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∙ 14y ago
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What is the relationship between long-run average cost curve and short-run average cost curve?
what is the relationship between long run average cost curve and short run average cost curve?
What is the difference between price and average cost?
marginal cost
What is the difference between unit cost and cost per unit?
nit cost is the average cost of making a product and cost per unit is the marginal cost
What is the difference between average total costs and average variable costs?
Average total cost is the average of all your costs. This is your Fixed Costs and your Variable costs. Average Variable Cost is the average of your costs that can fluctuate.
What kind of relationship you postulate between short-run and long run average cost curves when these are not U shaped?
The type of relationship that you postulate between short-run and long-run average cost curves that is not U shaped is the external limiting relationship.
What is the relationship between long-run average cost curve and short-run average cost curve?
what is the relationship between long run average cost curve and short run average cost curve?
What is the difference between price and average cost?
marginal cost
What is cost What is the difference between total cost and average cost?
Average total cost is the average of all your costs. This is your Fixed Costs and your Variable costs. Average Variable Cost is the average of your costs that can fluctuate.
The difference between price and average variable cost is defined as?
Profit contribution
What is the difference between unit cost and cost per unit?
nit cost is the average cost of making a product and cost per unit is the marginal cost
What is the difference between average total costs and average variable costs?
Average total cost is the average of all your costs. This is your Fixed Costs and your Variable costs. Average Variable Cost is the average of your costs that can fluctuate.
What difference between cost and costing?
difference between cost and costing
What kind of relationship you postulate between short-run and long run average cost curves when these are not U shaped?
The type of relationship that you postulate between short-run and long-run average cost curves that is not U shaped is the external limiting relationship.
What is the difference between cost and list price?
whats the difference between cost and list?
What is the difference between differential cost and incremental cost?
There is no difference
What Relation between marginal cost and average cost?
relation ship between average cost and marginal cost
What kind of relationship would you postulate between short-run and long-run average cost curves when these are not you-shaped as suggested by the modern theories?
what kind of relationship would you postulate between short run and long run average cost curves when these are not u shaped as suggested by the modern theories.
