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.
This video goes over the construction of the long run average total cost curve by showing how it relates to the many possible short run average total cost curves. It then discusses how economies of scale, constant returns to scale, and diseconomies of scale can be seen on the long run average cost curve.his video goes over the construction of the long run average total cost curve by showing how it relates to the many possible short run average total cost curves. It then discusses how economies of scale, constant returns to scale, and diseconomies of scale can be seen on the long run average cost curve.