Business Unit 2 c

1. PRODUCTION AND COST 2. INTRODUCTION• Up to this you have learnt all about demand,consumers , their preferences and decisionmaking.• Now we would learn about producerspreference…

Documents Chapter 23 The Firm: Cost and Output Determination.

Slide 1 Chapter 23 The Firm: Cost and Output Determination Slide 2 2 Learning Objectives  Discuss the difference between the short run and the long run from the perspective…