This past year, we began to bend the cost curve down, but we still have a long way to go.
Average cost curves may therefore only be shown over a limited scale of production for a given technology.
In Figure 2.7 two alternative average cost curves are shown.
"In terms of the cost curve, we're back to 1987," he said, referring to the recent fuel price increases.
No evidence is available about the slope of the postal service's cost curve at or above the 40-billion-piece level.
We must bend the cost curve down before our out-of-control spending goes any further.
The shut down point is at the minimum of the average variable cost curve.
The short run shutdown point is the minimum of the average variable cost curve.
The key with him is how much he's moving them down that cost curve without blowing away the consumer franchise.
This is reflected in the model by a declining marginal cost curve.
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