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Author Question: Why must LRAC = SRAC = LRMC = SRMC if a firm is achieving maximum economies of scale? (Read 88 times)

Diane

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on: May 25, 2020

Question 1

Assuming that a firm successfully cuts total costs by shedding staff, does this represent a fall in average costs, and should this be represented by a shift or a movement along the AC curve?

Question 2

Why must LRAC = SRAC = LRMC = SRMC if a firm is achieving maximum economies of scale?
Essential Economics for Business ¦ Sloman, Jones ¦ 5th Edition
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Marked as best answer by Diane on May 25, 2020

ktidd

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Reply #1 on: May 25, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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Diane

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Reply 2 on: May 25, 2020
Great answer, keep it coming :)

vickyvicksss

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

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