Unit 2: Elasticity, Consumer Choice, Costs

Lesson 7c: Production Costs in the Long Run

Assignments: Video Lectures

4.6.1 Defining the Long Run 5:55 [MyNotes] 4.6.2 Determining the Firm's Return to Scale 9:01 [MyNotes] 4.6.3 Understanding the Short Run and Long Run Average Cost Curves 15:06 [MyNotes]

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