princ-ch13生产成本讲义.pptVIP

* * The following might be helpful: After the first paragraph displays, pick a Q a little to the left of QA. From this Q, go up to the ATC curves. Notice that cost per unit is lower for the small factory than the medium one. The firm may be stuck with a medium factory in the short run, but in the long run – if it wishes to produce this level of output – it will choose the small factory to have the lowest cost per unit. Hence, for Q QA, the LRATC curve is the portion of ATCS from 0 to QA. After the second paragraph displays, pick a Q a little to the right of QA. From this Q, go up to