Unit 2 c 2
Cost analaysis
Chapter Eleven Monopoly. © 2009 Pearson Addison-Wesley. All rights reserved. 11-2 Topics Monopoly Profit Maximization. Effects of a Shift of the Demand.
ECONOMIC OPTIMIZATION PROCESS Optimal decision Choice alternative that produces a result most consistent with managerial objectives.
1 Chapter 9 PROFIT MAXIMIZATION Copyright ©2005 by South-Western, a division of Thomson Learning. All rights reserved.
Economic Foundations for Entertainment, Media, and Technology Production and Cost in E&M Industries Spring 2001 (4) Professor W. Greene.
Chapter 7: The AS-AD ModelBlanchard: Macroeconomics Slide #1 The AS-AD Model Determination of Output in the short-run and medium-run Requires equilibrium.
Part 5 The Theory of Production and Cost Production normally organized in Firms A Firm hires inputs, organizes production, and sells goods or services.
1 Profit Maximization Beattie, Taylor, and Watts Sections: 3.1b-c, 3.2c, 4.2-4.3, 5.2a-d.
Economic Foundations for Entertainment, Media, and Technology
David Bryce © 1996-2002 Adapted from Baye © 2002 Production and Supply MANEC 387 Economics of Strategy MANEC 387 Economics of Strategy David J. Bryce.
