Supply Side-LRDynamics of Costs

Supply Side-LRDynamics of Costs - 8 Supply Side-Long Costs....

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Supply Side-Long Run-Dynamic of Costs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arvard Business Review 5 G1-H<,-%3 >BIJ@ *)#/$ "+1" KL )* "+& ,-)$#."' +& '"#$%&$ +1$ &31'"%.%"%&' -1/2%/2 *-)6 M:NJ ") M:KN 1/$ "+1" )0&- "4) "+%-$' +1$ &31'"%.%"%&' %/ "+& -1/2& )* M:>O ") MP>: Example Q ;+%' &R16,3& %33#'"-1"&' "+& 3&1-/%/2 .#-0& ,+&/)6&/)/: A" '+)4' "+& .#6#31"%0& /#68&- )* S>P> ,31/&' ,-)$#.&$ 89 T).7+&&$ 1/$ "+& .#6#31"%0& /#68&- )* )/M'%"& $%-&." ,-)$#."%)/ 61/M+)#-' ,&- ,31/& =6&1'#-&$ %/ #/%"' )* >LL5LLL +)#-'@: ;+& S>P> %' *)#-M&/2%/& "-1/',)-" ,31/& *%-'" #'&$ 89 "+& U:!: <%- V)-.& %/ >BOP: W)"& "+1" "+& .#6#31"%0& /#68&- )* 61/M+)#-' -&X#%-&$ ") ,-)$#.& 1 ,31/& *133' 1' "+& /#68&- )* ,31/&'
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This note was uploaded on 03/16/2011 for the course ECON 101 taught by Professor Fon during the Spring '06 term at GWU.

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Supply Side-LRDynamics of Costs - 8 Supply Side-Long Costs....

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