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.
The PharmD degree is a professional doctorate much like an MD, but the difference is that the PharmD is the equivalent of obtaining Master's degree. Further, pharmD's cannot treat or diagnose, they can only recommend a medication therapy to a provider, including MD's, DO's, PA's and NP's.he PharmD program is 4 years now. You don't have to get a bachelors first, you just have to complete the pre-pharmacy requirements which are about 2 years worth. After that, you go to pharmacy school for 4 years.