Week 8 background to supply production and cost
Presentation 3- Cost of Production. Cash expenditures a firm makes to those who supply labor services, materials, fuel, transportation etc. Cash payments.
1 The Costs of Production Chapter 8 (155-156) Mr. Henry AP Economics.
1 Understanding Economics 3 rd edition by Mark Lovewell, Khoa Nguyen and Brennan Thompson Chapter 4 Costs of Production Copyright © 2005 by McGraw-Hill.
THE THEORY OF THE FIRM DANIEL CHEN WITH SOME MINOR HELP FROM HIS COLLEAGUES AT HARVARD :
1 Chapter 7: Costs and Cost Minimization Consumers purchase GOODS to maximize their utility. This consumption depends upon a consumer’s INCOME and the.
Micro Chapter 20
