Slide 1Reflection: Take out a piece of paper and do this 1.Does your grade reflect your learning? Why or why not? 2.What is working? What can Mr. Mothorn do to help? 3.What…
Slide 1Takesh Luckho Production and Cost Theory Slide 2 Producers Theory Last time, we looked at the main economic theories that are used to explain the rationale behind…
Slide 1 Slide 2 Reviewing Production 1 Slide 3 Three Stages of Returns Total Product Quantity of Labor Marginal and Average Product Quantity of Labor Total Product Stage…
Slide 1Questions on Demand, Supply, Price Slide 2 What is the law of demand states Slide 3 As price goes up, demand goes down and as price goes down, demand goes up. This…
Slide 1Innovation and Inequality Gilles Saint-Paul Gerzensee, August 20-24 2007 Slide 2 I. Introduction Slide 3 What is this course about? Our aim is to analyze when technical…
Slide 1 THE THEORY OF THE FIRM DANIEL CHEN WITH SOME MINOR HELP FROM HIS COLLEAGUES AT HARVARD : Slide 2 MICROECONOMICS is a branch of economics that studies the behavior…
Slide 1 Introduction to Microeconomics Production, cost and profit in the short-run Slide 2 You should understand how Opportunity cost shapes supply Law of diminishing marginal…