7.4 Cost curves
This section uses the concept of the short run and long run to understand the cost curves of a firm. It looks at long run average cost (LRAC) curves first, and then looks at short run average cost (SRAC) curves.
Skip to content
My OpenLearn Profile
- Personalise your OpenLearn profile
- Save your favourite content
- Get recognition for your learning
Download this course
Create your free OpenLearn profile
Anyone can learn for free on OpenLearn, but signing-up will give you access to your personal learning profile and record of achievements that you earn while you study.
Economics and the 2008 crisis: a Keynesian view
Start this free course now. Just create an account and sign in. Enrol and complete the course for a free statement of participation or digital badge if available.
Free course
Economics and the 2008 crisis: a Keynesian view
DD209_1
Take your learning further371
Making the decision to study can be a big step, which is why you'll want a trusted University. The Open University has 50 years’ experience delivering flexible learning and 170,000 students are studying with us right now. Take a look at all Open University courses372.
If you are new to university level study, we offer two introductory routes to our qualifications. Find out Where to take your learning next?373 You could either choose to start with an Access courses374or an open box module, which allows you to count your previous learning towards an Open University qualification.
Not ready for University study then browse over 1000 free courses on OpenLearn375 and sign up to our newsletter376 to hear about new free courses as they are released.
Every year, thousands of students decide to study with The Open University. With over 120 qualifications, we’ve got the right course for you.
©1999-2020. All rights reserved. The Open University is incorporated by Royal Charter (RC 000391), an exempt charity in England & Wales and a charity registered in Scotland (SC 038302). The Open University is authorised and regulated by the Financial Conduct Authority in relation to its secondary activity of credit broking.