First Seen
2023-05-10T20:59:58+00:00
simple-description (llama3.2-vision_11b)
The meme is a simple graph showing the relationship between cost and output in an economic model. The graph depicts a curve where the cost per unit of production increases as the output increases, but eventually, the cost per unit starts to decrease. The text "LRAC = Long-Run Average Cost" is written at the bottom of the graph.
simple-description (llama3.2-vision)
The meme is a humorous graph comparing the cost of a "Minimum Efficient Scale" (MES) to the "Economies of Scale" (EoS) and the "Diseconomies of Scale" (DOS). The graph shows that EoS is more cost-effective than MES, but as the scale increases, the cost per unit increases, leading to "Diseconomies of Scale". The text "LRAC = Long-run Average Cost" appears at the bottom of the graph.