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Chapter Eighteen

Chapter Eighteen. Technology. Technologies. A technology is a process by which inputs are converted to an output. E.g. labor, a computer, a projector, electricity, and software are being combined to produce this lecture. Technologies.

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1.37k views • 127 slides

C hapter 8

C hapter 8. Costs of Production. Economic Principles. The character of entrepreneurship Total cost, total fixed cost, and total variable cost The law of diminishing returns. Economic Principles. Average total cost, average variable cost, average fixed cost, and marginal cost

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Capacity competition (Stackelberg-Spence-Dixit-Model)

Capacity competition (Stackelberg-Spence-Dixit-Model). How does a firm become a first mover?. Innovation takes time. Official licensing procedures. Strategic effects of sunk costs. Costs are rearranged from the stage of production to the investment period.

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1.39k views • 29 slides

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Same output level - PowerPoint PPT Presentation

Chapter Eighteen

C hapter 8

Capacity competition (Stackelberg-Spence-Dixit-Model)