In most production processes the short run average cost of, Microeconomics

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In most production processes the short run average cost of

Question: 1. How do managerial economists distinguish between short and long run for business?

2. In most production processes the short run average cost of production typically drops as more is produced, but eventually, it tends to rise. Why is this so (remember this is about short run)?

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Microeconomics: In most production processes the short run average cost of

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Microeconomics: In most production processes the short run average cost of

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