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Lecture Microeconomics (20/e): Chapter 9 - Campbell R. McConnell, Stanley L. Brue, Sean M. Flynn
Chapter 9 - Businesses and the cost of production. This chapter develops a number of crucial cost concepts that will be employed in the succeeding three chapters to analyze the four basic market models. A firm’s implicit and explicit costs are explained for both short and long run periods. The explanation of short run costs includes arithmetic and graphic analyses of both the total, average, and marginal-cost concepts.
12 p hce 28/04/2016 304 2
Từ khóa: Lecture Microeconomics, Economic problem, Economic principles, Economic policies, The cost of production, Economic costs
Lecture Understanding economics (2nd edition): Chapter 4 - Mark Lovewell, Khoa Nguyen
Chapter 4 - Costs of production. In this chapter you will: consider the major organizational forms of business—sole proprietorships, partnerships, and corporations; learn about economic costs (explicit and implicit) of production and economic profit analyze short-run (total, average, and marginal) products, and the law of diminishing marginal returns; derive short-run (total, average, and marginal) costs; examine long-run results of...
27 p hce 28/04/2016 382 2
Từ khóa: Understanding economics, Lecture Understanding economics, Economic problem, Economic systems, Costs of production, Productive efficiency
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