A comprehensive, yet sophisticated explanation of long run costs of production. Includes charts and graphs to illustrate key points and concepts. Somewhat advanced in places.

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Concepts

economics

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Additional Tags

costs, economies of scale, long run, long run production, long-run, cost in the long run, diseconomies of scale, long run costs, time frames

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Classroom Considerations

Knovation Readability Score: 5 (1 low difficulty, 5 high difficulty)
The intended use for this resource is Instructional

Common Core

View 3,335 other resources for 11th - 12th Grade Economics