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LRAC
(redirected from Long run average cost)

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AcronymDefinition
LRACLong Run Average Cost (economics)
LRACLittle Rock Athletic Club (fitness center; Little Rock, AR)
LRACLake Region Arts Council (Fergus Falls, MN)
LRACLance-Roquettes Antichar (French: Anti Tank Rocket Launcher)
LRACLocal Research Advisory Committee (Canada)
LRACLa Rioja Autonomous Community (Spain)
LRACLarge Research Allocations Committee
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Rural health services often experience diseconomies of scale in that their long run average cost increases as output increases (Folland et al.
Rural healthcare access: issues for consideration in rural health ... by Graves, Barbara Ann / Online Journal of Rural Nursing & Health Care
In this context the cost weight should correspond to the long run average cost at its minimum.
DO WE NEED DRGS TO IMPROVE EFFICIENCY IN HEALTHCARE? by Ferraz-Nunes, Jose / Research in Healthcare Financial Management
[1]) As in other competitive markets for output, profit-maximizing behavior in the face of free entry and exit is assumed to yield normal profits for firms, with price equal to minimum long run average cost at long run equilibrium.
Minimum Wages and the Card--Krueger Paradox by Shepherd, A. Ross / Southern Economic Journal
 
 
 
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