ECON 102.004   Principles of Microeconomics Preloader

ECON 102.004 Principles of Microeconomics - PowerPoint PPT Presentation


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2. Lecture Outline. Production and types of costsRelationship between marginal and average costsShort run and long run cost curvesCost minimization. 3. Maximizing Profits. The firm\'s goal is to maximize profits.This determines the firm\'s choice of what, how, and how much to produce.Firms invest

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