abnormal profit and normal demand
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Abnormal Profit and Normal Demand. MC. AC. Cost. D=AR. Quantity. MR. LRAC Curve with SRAC Curves. SRAC1. SRAC5. SRAC2. SRAC4. LRAC. SRAC3. Cost. Quantity. Shut Down Price and Break-Even Price. MC. Cost. ATC. b reakeven price. AVC. P1=ATC. s hut down price. P=AVC. Quantity. - PowerPoint PPT Presentation
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Abnormal Profit and Normal Demand
Cost
Quantity
MC
AC
MR
D=AR
LRAC Curve with SRAC Curves
Cost
Quantity
LRAC
SRAC1
SRAC2SRAC3
SRAC4
SRAC5
Shut Down Price and Break-Even Price
Cost
Quantity
MC
ATC
AVCP1=ATC
P=AVC
breakeven price
shut down price
Cost Curves DiagramMC ATC
AVC
AFC
Cost
Quantity
Economics and Diseconomies of Scale
Cost
Quantity
Economics of Scale Diseconomies of Scale
Constant Return to Scale
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