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.


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.