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.
Long Run Average Total Cost Curve The long run average total cost curve is made up of a series of short run ATCâS. Each ATC is for a different time period, and represents the average total costs at that point in time, for those outputs.raphing The Long Run Average Total Cost Curve The long run average total cost curve turns out to be u-shaped. Shape Of The Long Run Average Total Cost Curve Why is the long run average total cost curve initially downwards sloping? Economies of Scale explain the falling costs.