'Bordelon' diaporamas de présentation

Production and costs: Long-run Costs and economies of scale

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Production and Costs: Firm Costs

Production and Costs: Firm Costs. AP Economics Mr. Bordelon. Cost Curves. Fixed cost. Cost that does not depend on the quantity of output produced. It is the cost of the fixed input.

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Production and Costs Sample Questions on Short-Term Costs

Production and Costs Sample Questions on Short-Term Costs. AP Economics Mr. Bordelon. For Heidi, the marginal cost of producing one additional photograph equals the change in _____ divided by the change in the _____. total cost; number of photographs marginal cost; number of photographs

351 views • 19 slides

Production and Costs Cost-Minimizing Input Combination Sample Questions

Production and Costs Cost-Minimizing Input Combination Sample Questions. AP Economics Mr. Bordelon. Assume a firm employs two inputs, A and B. The optimal hiring of inputs occurs when which of the following is true? TP A /P A = TP B /P B MP A /P A = MP B /P B TC A = TC B MP A = MP B

301 views • 7 slides