曼昆经济学原理Chapter 13.pptVIP

Costs in Short and Long Run Many decisions by firms Fixed in the short run (eg. Factory size) Variable in the long run Firms – greater flexibility in the long-run Long-run cost curves Differ from short-run cost curves Much flatter than short-run cost curves Short-run cost curves Lie on or above the long-run cost curves * ? 2012 Cengage Learning. All Rights Reserved. May not be copied, scanned, or duplicated, in whole or in part, except for use as permitted in a license distributed with a certain product or service or otherwise on a password-protected website for classroom use. Figure 6 * ? 201