Tuesday, August 30, 2016

Background information on the theory of the firm from intermediate micro

I assume that you already know about production functions, cost curves, and equations like P = MC to characterize a competitive firm's output choice.  But if you'd like to review that stuff, below is a bunch of material for you to look at.

Excel Workbook:  The Firm and Competitive Supply

YouTube Videos:

Production Possibilities
Short Run Production Function
Table for SR Production
Short Run Cost
SR Cost Table
SR Industry Supply
LR Average Cost
LR Industry Supply

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