1. Business Firm An entity that employs factors of production (resources) to produce goods and services to be sold to consumers, other firms, or the government. 2. Managerial…
PRODUCTION AND ITS COSTS Principles of Microeconomic Theory, ECO 284 John Eastwood CBA 213 523-7353 e-mail address: [email protected] http://jan.ucc.nau.edu/~jde ALL…