Introduction to Theory of the Firm - Costs & Profits
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Unit 6 - Lesson 1 - Short-run - Total Product, Average Product & Marginal Product
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Learning outcomes:
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Relationship - TP, MP & AP |
Unit 6 - Lesson 2 - Explicit & Implicit Costs
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Unit 6 - Lesson 3 & 4 - Costs of Production - TC, TFC & TVC
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Learning outcomes:
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Average Costs & Marginal Cost Relationships |
Unit 6 - Lesson 5 - Explaining Law of Diminishing Returns using AP, MP and MC, AVC
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Unit 6 - Lesson 6 - Costs in the Long Run
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Learning outcomes:
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Unit 6 - Lesson 7 - Total, Average & Marginal Revenue
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Learning outcomes:
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Unit 6 - Lesson 8 - Profits - Normal, Supernormal & Negative Profits
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Learning outcomes:
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Unit 6 - Lesson 9 - Goals of Firms - Profit & Revenue Maximization
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In-class Activity - Constructing Market Structure Graphs |
Check your understanding with a little Quizlet!! |
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