AP Economics – 10/21/19
I. Bellwork
- Page 562 Tackle the Test 1-5 write Answers
II Objectives
- Explain why a firm’s cost may differ between the short run and long run
- Describe how a firm can enjoy economies of scale
- Interpret and explain graphic models representing costs in the short and long run
III. Discussion Module 56 Long Run Costs & Economies of Scale Pgs . 564-569
- Short run & Long Run
Long Run Total Cost Curve
Returns to Scale and Economies to scale
Long-run Average Total Cost and Economies of Scale
Economies of Scale and Long-Run Costs- Micro Topic 3.3
IV. Classwork
3.3 Economics of Scale Practice
V. Homework
- AP Classroom – Questions from past two sections
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