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Fanning 2019
Introduction to Microeconomics
Chapter 08: The Costs of Production
Inhalt: Starting from the profit motive as the central consideration of firms, this chapter introduces central terms needed for calculating profit – total revenue, total cost, explicit costs, implicit costs, economic as opposed to accounting profit, fixed and variable costs, average costs and the shape of cost curves and the production function over time.
Stichwörter: Vortrag
Referent: Prof. Dr. Hiltgunt Fanning (Fachhochschule Stralsund)
Länge: 10.50 Minuten
  
Empfehlungen: Introduction to Microeconomics Chapter 07: Public goods or Private goods? >>> weiter
Introduction to Microeconomics Chapter 09: Profit Maximisation >>> weiter
  
 
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