Long run average total cost curve relating to economies and diseconomies of scale

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Y2 5) Long Run Costs and Returns to Scale (LRAC)

The Long Run Average Cost Curve as the Lower Envelope of our Short Run Average Cost Curves

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Y2 6) Economies and Diseconomies of Scale

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Short run and Long run Average Total Costs

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Y2 3) Marginal and Average Cost Curves (MC & AC)

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Short-Run Costs (Part 1)- Micro Topic 3.2

Fixed, Variable, and Marginal Cost.