While the shape of the long-run average cost curve looks surprisingly like that of a short-run average cost curve, the underlying forces are different. This U-shape is NOT the result of increasing, then decreasing marginal returns that surface in the short run when a variable input is added to a fixed input.wo More Curves. 1  Long-run Total Cost: This curve graphically illustrates the relation between long-run total cost, which is the total opportunity cost incurred by all of the factors of production used in the long run by a firm to produce a good or service, and the level of production.
1 MS in Pharmacy â master of science in health system pharmacy, which prepares pharmacists for leadership positions in health care.  Residency Program â Pharmacy Residency is education a pharmacist can pursue beyond a PharmD.
When entering a doctor of pharmacy â frequently called a PharmD â program, students must meet an assortment of requirements to be admitted. While some departments mandate that students complete a full undergraduate program, others only want to see that all pre-requisite classes have been completed satisfactorily.