The structure of costs in the long run

adicionou um novo artigo Financial Services

2023-07-14 18:27:19 -

Key points A production technology is the specific combination of labor, physical capital, and technology that makes up a particular method of production. In the long run, firms can choose their production technology, so all costs become variable costs. Economies of scale refers to a situation where the average cost decreases as the level of output...

0 Comentários 0 Compartilhamentos 4819 Visualizações 0 Anterior