https://gdpark.blog/tags/production/Recent content in Production on gdpark.blogHugoenWed, 20 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-34-short-run-analysis/Wed, 20 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-34-short-run-analysis/In the short run capital is locked in at K̄, so cost minimization means working around that constraint — which shifts your expansion path and nudges total cost up.