#2015 #book-2 #cfa #cfa-level-1 #economics #schweser
A downward-sloping segment of an LRATC curve indicates economies of scale (increasing returns to scale).
If you want to change selection, open original toplevel document below and click on "Move attachment"
Parent (intermediate) annotation
Open itA downward-sloping segment of an LRATC curve indicates economies of scale (increasing returns to scale). Over such a segment, increasing the scale of the firm reduces ATC.Original toplevel document (pdf)
owner:
iamcfa - (no access) - 2015 CFA Level 1 Study Schweser Book 2 - Economics, p88
Summary
status | not read | | reprioritisations | |
---|
last reprioritisation on | | | suggested re-reading day | |
---|
started reading on | | | finished reading on | |
---|
Details