Economies of Scale and Long Run Average Cost (LRAC) 1  In the long run all costs are variable and the scale of production can change (i.e. no fixed inputs) 2  Economies of scale are the cost advantages from expanding the scale of production in the long run. The effect is to reduce average costs over a range of output. These lower costs represent an improvement in productive efficiency and can give a business a competitive advantage in a market.
Tiger sharks (pictured) are among the 17 species that appear to lack color vision. Sharks may be able to smell blood from miles away, but they probably don't know how red it is: New research suggests sharks are color-blind.
San Jose Sharks Hex and RGB Color Codes. The San Jose Sharks team colors are Pacific Teal, black, white, and orange. Here are the San Jose Sharks color codes if you need them for any of your digital projects. Follow this link for the rest of the NHL hex color codes for all of your favorite NHL team color codes. No related posts.