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  2. Long-run cost curve - Wikipedia

    en.wikipedia.org/wiki/Long-run_cost_curve

    The long-run cost curve is a cost function that models this minimum cost over time, meaning inputs are not fixed. Using the long-run cost curve, firms can scale their means of production to reduce the costs of producing the good. [1] There are three principal cost functions (or 'curves') used in microeconomic analysis:

  3. Cost curve - Wikipedia

    en.wikipedia.org/wiki/Cost_curve

    The total cost curve, if non-linear, can represent increasing and diminishing marginal returns.. The short-run total cost (SRTC) and long-run total cost (LRTC) curves are increasing in the quantity of output produced because producing more output requires more labor usage in both the short and long runs, and because in the long run producing more output involves using more of the physical ...

  4. Average cost - Wikipedia

    en.wikipedia.org/wiki/Average_cost

    1. The Average Fixed Cost curve (AFC) starts from a height and goes on declining continuously as production increases. 2. The Average Variable Cost curve, Average Cost curve and the Marginal Cost curve start from a height, reach the minimum points, then rise sharply and continuously. 3. The Average Fixed Cost curve approaches zero asymptotically.

  5. Monopolistic competition - Wikipedia

    en.wikipedia.org/wiki/Monopolistic_competition

    For a PC company, this equilibrium condition occurs where the perfectly elastic demand curve equals minimum average cost. An MC company's demand curve is not flat but is downward-sloping. Thus, the demand curve will be tangential to the long-run average cost curve at a point to the left of its minimum. The result is excess capacity. [22]

  6. I've cracked the code on feline love – here are the sweetest ...

    www.aol.com/lifestyle/ive-cracked-code-feline...

    Some cats are just complete velcro kitties — yes, we’re looking at you, Miss Siamese! These high-maintenance cat breeds can’t imagine being separated from their humans or missing out on any ...

  7. Coefficient of determination - Wikipedia

    en.wikipedia.org/wiki/Coefficient_of_determination

    Ordinary least squares regression of Okun's law.Since the regression line does not miss any of the points by very much, the R 2 of the regression is relatively high.. In statistics, the coefficient of determination, denoted R 2 or r 2 and pronounced "R squared", is the proportion of the variation in the dependent variable that is predictable from the independent variable(s).

  8. Today's Wordle Hint, Answer for #1252 on Friday, November 22 ...

    www.aol.com/todays-wordle-hint-answer-1252...

    Hints and the solution for today's Wordle on Friday, November 22.

  9. Mortgage rates stay flat as Trump’s second term comes into ...

    www.aol.com/finance/mortgage-rates-stay-flat...

    Mortgage rates stalled an upward rise this week as financial markets adjusted to a second Trump presidency. The average 30-year mortgage rate was essentially unchanged at 6.78% for the week ...