Outcome: The Short Run vs. The Long Run

What you’ll learn to do: differentiate between short-run and long-run costs

In this section, you will see how time is an important factor to consider in a firm’s success.

The specific things you’ll learn to do in this section include:

  • Interpret the relationship between short run and long run costs.

LEARNING ACTIVITIES

The learning activities for this section include:

  • Reading: Short Run and Long Run Average Total Costs
  • Self Check: The Short Run vs. The Long Run

Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.

License

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ACC Principles of Microeconomics by Lumen Learning is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.