Your organization is considering expanding, and your boss is concerned about potential changes in long-run average costs. She wants you to write a report that summarizes the reasons that long-run costs might increase or decrease. Be sure to list, explain and give examples. Cover all reasons for variations in long-run cost, not just those resulting from expansion of a single firm. (Hint: One reason for variation is internal economies of scale due to overcoming indivisibilities.)
Your report will be graded according to the following criteria:
It is better to avoid quotations, but if you do quote more than 3 words from any source, including my slides, make sure that you put quotation marks around the words, and place the correct citation in parenthesis.
Use Word to complete the above assignment and E-mail your attachment
to:
shockley@rocko.csuchico.edu
before 5 p. m. Thursday, 3/30/00.