'Tfc tvc' presentation slideshows

Ch 6 Production and Costs

Ch 6 Production and Costs. Production and Costs in the Short Run Production: TP L , MP L , AP L Costs: TC(=TFC+TVC), ATC(=AFC+AVC), MC Production and Costs in the Long Run Isoquant, MRTS Isocost, P L /P K Relations Between the S- Run and the L- Run From Isoquant to SRTC

556 views • 42 slides

Econ 206(A) Tutorial 5

Econ 206(A) Tutorial 5. Costs and Revenue. Cost Concepts. Fixed Costs. Do not vary with output (rent, plant etc) Variable Costs. Vary with output (wages, raw materials etc) Total Cost = Fixed Cost + Variable Cost. Totals, Averages and Marginals.

290 views • 19 slides

Monopoly Simulation: Fish-shaped plates

236 views • 12 slides