{"title":"The Odyssey of Economies of Scale","authors":"Hak Choi","doi":"10.2139/SSRN.2393865","DOIUrl":null,"url":null,"abstract":"This paper disproves the U-shape long run average cost curve, for a firm must choose its lowest point to operate from the outset. It also clarifies the meaning of short and long run. Instead of using these layman jargon, professional economists should employ calculus to solve for partial or general equilibrium.","PeriodicalId":237187,"journal":{"name":"ERN: Production; Cost; Capital & Total Factor Productivity; Value Theory (Topic)","volume":"11 1","pages":"0"},"PeriodicalIF":0.0000,"publicationDate":"2014-02-11","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"ERN: Production; Cost; Capital & Total Factor Productivity; Value Theory (Topic)","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.2139/SSRN.2393865","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}
引用次数: 0
Abstract
This paper disproves the U-shape long run average cost curve, for a firm must choose its lowest point to operate from the outset. It also clarifies the meaning of short and long run. Instead of using these layman jargon, professional economists should employ calculus to solve for partial or general equilibrium.
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