The Scientific Method. The Scientific Method is an organized way that helps scientists (or anyone!) answer a question or begin to solve a problem. There are usually six parts to it. 1  Purpose/Question â What do you want to learn? 2  Research â Find out as much as you can. 3  Hypothesis â After doing your research, try to predict the answer to the problem.  Experiment â The fun 1  part! Analysis â Record what happened during the experiment.
Economic Definition of long-run average cost. Offline Version: PDF. Term long-run average cost Definition: The per unit cost of producing a good or service in the long run when all inputs are variable. In other words, long-run total cost divided by the quantity of output produced.
One assumption that distinguishes short-run cost analysis from long-run cost analysis for a profit-maximizing firm is that in the short run,a. output is not variable.b. the number of workers used to produce the firm's product is fixed.c. the size of the factory is fixed.d.ne assumption that distinguishes short-run cost analysis from long-run cost analysis for a profit-maximizing firm is that in the short run,a. output is not variable.b. the number of workers used to produce the firm's product is fixed.c. the size of the factory is fixed.d.