short-run average cost

简明释义

短期平均成本

英英释义

The short-run average cost (SRAC) is the total cost of production divided by the quantity of output produced in the short run, where at least one factor of production is fixed.

短期平均成本是总生产成本除以短期内生产的产出数量,其中至少一个生产要素是固定的。

例句

1.When fixed costs are high, the short-run average cost 短期平均成本 can be significantly affected by changes in output levels.

当固定成本很高时,短期平均成本会受到产出水平变化的显著影响。

2.During the seasonal peak, the short-run average cost 短期平均成本 tends to increase due to overtime pay for workers.

在季节性高峰期间,因加班工资,短期平均成本往往会上升。

3.To remain competitive, firms must keep their short-run average cost 短期平均成本 below the market price.

为了保持竞争力,公司必须将其短期平均成本保持在市场价格以下。

4.Understanding the short-run average cost 短期平均成本 helps managers make informed decisions about scaling production.

理解短期平均成本有助于管理者做出有关扩大生产的明智决策。

5.The company is analyzing its production levels to minimize the short-run average cost 短期平均成本 of manufacturing widgets.

公司正在分析生产水平,以最小化制造小部件的短期平均成本

作文

In the field of economics, understanding the concept of short-run average cost is crucial for businesses aiming to optimize their production processes. The short-run average cost refers to the total cost of production divided by the number of units produced, considering that at least one factor of production is fixed. This means that in the short run, companies cannot adjust all inputs, leading to varying costs as production levels change.To illustrate the importance of short-run average cost, let's consider a manufacturing company that produces bicycles. In the short run, the company may have a fixed number of machines and a limited workforce. As it increases production, the short-run average cost will initially decrease due to economies of scale. This occurs because the fixed costs, such as rent and machinery, are spread over a larger number of units. However, after reaching a certain production level, the short-run average cost may begin to rise again due to diminishing returns. This happens when adding more variable inputs, like labor or materials, results in less efficient production.Understanding how to analyze the short-run average cost helps firms make informed decisions about pricing, output levels, and investment in capacity. For example, if the short-run average cost is low, the company might choose to lower prices to increase market share. Conversely, if the short-run average cost is high, it may indicate inefficiencies that need to be addressed before expanding production.Moreover, the short-run average cost is essential for determining the firm's supply curve. In a competitive market, firms will only produce goods as long as the price is above the short-run average cost. If the market price falls below this cost, the firm may incur losses and may need to reduce production or exit the market altogether.In conclusion, the short-run average cost plays a pivotal role in economic decision-making for businesses. By analyzing this cost, companies can strategize effectively to ensure profitability and sustainability in the marketplace. Mastering the concept of short-run average cost allows firms to navigate the complexities of production and pricing while remaining competitive in their respective industries.

在经济学领域,理解短期平均成本的概念对希望优化生产过程的企业至关重要。短期平均成本是指总生产成本除以生产单位数量,考虑到至少有一个生产要素是固定的。这意味着在短期内,公司无法调整所有投入,随着生产水平的变化,成本也会有所不同。为了说明短期平均成本的重要性,让我们考虑一家生产自行车的制造公司。在短期内,该公司可能拥有固定数量的机器和有限的劳动力。随着生产增加,短期平均成本会因规模经济而最初下降。这是因为固定成本,如租金和机械费用,分摊到更多的单位上。然而,在达到某个生产水平后,短期平均成本可能会再次上升,这种情况是由于收益递减。当增加更多的可变投入,如劳动力或材料,导致生产效率降低时,就会发生这种情况。理解如何分析短期平均成本可以帮助企业做出关于定价、产出水平和投资能力的明智决策。例如,如果短期平均成本较低,公司可能会选择降低价格以增加市场份额。相反,如果短期平均成本较高,则可能表明需要解决效率问题,然后再扩大生产。此外,短期平均成本对于确定公司的供给曲线至关重要。在竞争市场中,企业只会在价格高于短期平均成本时进行生产。如果市场价格低于此成本,企业可能会遭受损失,并可能需要减少生产或完全退出市场。总之,短期平均成本在企业的经济决策中起着关键作用。通过分析这一成本,公司可以有效制定战略,以确保在市场上的盈利能力和可持续性。掌握短期平均成本的概念使企业能够在生产和定价的复杂性中游刃有余,同时在各自行业中保持竞争力。