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Economia e finanças Negócios

Outline for Wednesday, July 30
Remember
Homework due Friday
Quiz on Monday
Review technology
Costs
Long-run cost minimization
Short-run
Cost minimization
TC, MC and AC curves
Fixed and variable costs

Readings
Today – Cost minimization
7.1 and 7.3
Mostly problems
Very similar to utility maximization
Thursday – Long run vs. short run cost minimization
7.2 and 7.4
Mostly graphs
We might start on Friday’s material
Friday – Profit maximization
8.1 through 8.4
Where the supply curve comes from, its shape

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july30

1. Outline for Wednesday, July 30 Remember Homework due Friday Quiz on Monday Review technology Costs Long-run cost minimization Short-run Cost minimization TC, MC and AC curves Fixed and variable costs

2. Readings Today – Cost minimization 7.1 and 7.3 Mostly problems Very similar to utility maximization Thursday – Long run vs. short run cost minimization 7.2 and 7.4 Mostly graphs We might start on Friday’s material Friday – Profit maximization 8.1 through 8.4 Where the supply curve comes from, its shape

july30

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