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Microeconomics diagrams. Kestrel Lucas. Economies and Diseconomies of Scale. P. Economies Of Scale. Diseconomies Of Scale. Constant Return to Scale. 0. Q. Abnormal Profit. P. MC. AC. P*. Abrormal Profit. P. MR. AR=D. 0. Q. q. Cost Curves. P. ATC. MC. AVC. AFC. 0.
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Microeconomics diagrams Kestrel Lucas
Economies and Diseconomies of Scale P Economies Of Scale Diseconomies Of Scale Constant Return to Scale 0 Q
Abnormal Profit P MC AC P* Abrormal Profit P MR AR=D 0 Q q
Cost Curves P ATC MC AVC AFC 0 Q
Shut down and Break even price P ATC MC P1 =ATC AVC P =AVC Shut down price is AVC Break even price is ATC 0 Q
LARC and SARC SARC P SARC LARC SARC SARC SARC SARC 0 Q