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Cost benefit principle - PowerPoint PPT Presentation

Chapter 6

Chapter 6. Perfectly Competitive Supply. Learning Objectives. Identify the firm's demand curve Explain its derivation Discuss the different types of costs that underlie the firm's production decision Determine why price equals marginal cost at the profit-maximizing output level

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550 views • 40 slides

Econ 2610: Principles of Microeconomics

Econ 2610: Principles of Microeconomics. Yogesh Uppal Email: yuppal@ysu.edu. Chapter 6. Perfectly Competitive Supply. Buyers and Suppliers. Cost-Benefit Principle is behind decision making Buyers: buy one more unit?

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598 views • 36 slides

Macro vs. Micro

Macro Economy as a whole. Representative topics: level and growth of total output, inflation, employment. Micro Markets considered separately. Representatitive topics: specific labor markets (e.g. market for nurses), oil prices, monopolies. Macro vs. Micro.

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536 views • 12 slides

The Economic Approach

The Economic Approach. Chapter 1 Week 1. Macro Economy as a whole. growth of total output, inflation, employment. Micro Markets considered separately. Representative topics: specific labor markets (e.g. market for nurses), oil prices, monopolies. Macro vs. Micro. Current Statistics.

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320 views • 9 slides

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Cost benefit principle - PowerPoint PPT Presentation

Chapter 6

Econ 2610: Principles of Microeconomics

Macro vs. Micro

The Economic Approach