Slide 1 MBA201a: Economic Costs Slide 2 Professor WolframMBA201a - Fall 2009 Page 1 Economic versus accounting costs –We will discuss how economists and accountants have…
Slide 1 MBA201a: Entry, Exit & Equilibrium Slide 2 Professor WolframMBA201a - Fall 2009 Page 1 Basic definitions & principles (I) In the short run (SR), –for an…
Slide 1 MBA201a: Strategic Thinking Slide 2 Overview –Context: You’re in an industry with a small number of competitors. You’re concerned that if you cut your price,…
MBA201a: Economic Costs & Costs of Production MBA201a - Fall 2009 Professor Wolfram MBA201a - Fall 2009 Page * Economic categorizations of costs: cost functions We have…