Lecture Microeconomics: Theory and applications (12/e): Chapter 8 - Browning, Zupan

Chapter 8 - The cost of production. In this chapter students will be able to: Delineate the nature of a firm’s cost - explicit as well as implicit, outline how cost is likely to vary with output in the short run and various measures of shortrun cost, detail the typical shapes of a firm’s short-run cost curves,...