Confessions of a Supply-Side Liberal

A Partisan Nonpartisan Blog: Cutting Through Confusion Since 2012

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Econolimerick #1

May 13, 2020 by Miles Kimball
“Of all the things that are taught,
As if to know it you ought,
One of long pedigree,
Is the U-Shaped AC,
But the reasons behind it are rot.”

To back this up, see:

  • Is There Any Excuse for U-Shaped Average Cost Curves?

  • There Is No Such Thing as Decreasing Returns to Scale

May 13, 2020 /Miles Kimball
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