Relevant Exam Boards: A-Level (Edexcel, OCR, AQA, Eduqas, WJEC), IB, IAL, CIE Edexcel Economics Notes Directory | AQA Economics Notes Directory | IB Economics Notes Directory Economies of Scale & Long-Run Average Cost (LRAC) Definitions: The LRAC is a a cost curve which shows the average cost per unit of […]