1. Supply Curves and Marginal RevenueHow perfectly-competitive firmswould set output.If there are such firms. 2. The BIG ideas• Perfectly competitive firms produce untilMU=MC.•…
Slide 1 Chapter 2 The Basics of Supply and Demand Slide 2 ©2005 Pearson Education, Inc.Chapter 22 Introduction What are supply and demand? What is the market mechanism?…
Slide 1 FIRST MEETING PJJ ECN3101: MICROECONOMICS 11 FEBRUARY 2012 (8.30 -10.20AM) SEMESTER 2, 2011/2012 Slide 2 Chapter 2 The Basics of Supply and Demand Slide 3 Lecture…