Long-run average total cost is a calculation that shows the average cost per unit of output for production over a lengthy period. A goal of both company management and investors is to determine ...

Total Cost Curve Starting at the top of the traditional economic model of quality of conformance, we find the total cost curve. It represents the cost of producing your product.

In my interactions with fleet managers around minimum life-to-date costs and the sweet-spot curve (see “Sweet Spot Revisited”), two valid questions often arise: “How do I explain the concept, and how ...