Short-run total cost includes all of the private economic costs of the firm in the short run.
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Q24: Short-run average total cost is equal to
Q25: Costs of the firm for which explicit
Q26: Short-run marginal cost is the rate of
Q27: Total fixed cost is the private economic
Q28: Economies of scale reduce long-run average costs.
Q30: Diseconomies of scale increase long-run average costs.
Q31: Total fixed cost is the sum of
Q32: Short-run total cost includes all of the
Q33: Average fixed cost is equal to total
Q34: Short-run average variable cost is the variable
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