'Plant sizes' presentation slideshows

Ch.2: Horizontal Boundaries

Ch.2: Horizontal Boundaries. What is optimal size of the firm in terms of output? What non-vertically related outputs should the firm also produce?. Costs of Production. Economic Analysis requires that ALL costs be included: implicit explicit. Costs of Production. Total Cost = TC(Q)

677 views • 43 slides

Perfect Competition: Long Run Technical (Productive) Efficiency

Perfect Competition: Long Run Technical (Productive) Efficiency. COST. ATC. PRICE. AVC. MC. ATC. 1 FIRM. AVC. MC. OUTPUT. MARKET. PRICE. S. PRICE. D. QUANTITY. COST. ATC. AVC. MC. ATC. PRICE. 1 FIRM. AVC. MC. OUTPUT. MARKET. PRICE. S. PRICE. D. QUANTITY. COST.

431 views • 30 slides

287 views • 28 slides