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The Production Process: The Behavior of Profit-Maximizing Firms

The Production Process: The Behavior of Profit-Maximizing Firms. Appendix: Isoquants and Isocosts. Prepared by: Fernando Quijano and Yvonn Quijano. Production. Central to our analysis is production, the process by which inputs are combined, transformed, and turned into outputs.

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Run versus long - PowerPoint PPT Presentation

The Production Process: The Behavior of Profit-Maximizing Firms