EXPLICIT COSTS

Table of Contents

EXPLICIT COSTS

Economic Cost

PPT Slide

TIME PERIODS

Time Period Decisions

Principle of Diminishing Returns

Computer Chip Manufacturing

Diminishing Returns and Increasing Marginal Cost

Short-Run Marginal Cost

PPT Slide

Short-Run Average Total Cost (SATC)

Short-Run Average Total Cost

PPT Slide

Average Costs

Marginal & Average-Total Cost Relationship

PPT Slide

LONG-RUN AVERAGE COST

Economies of Scale

PPT Slide

Indivisible Inputs

Specialization

Minimum Efficient Scale

PPT Slide

DISECONOMIES OF SCALE

Coordination Problems

Increasing Input Costs

FOUR TYPES OF MARKETS

FOUR TYPES OF MARKETS

FOUR TYPES OF MARKETS

FOUR TYPES OF MARKETS

FOUR TYPES OF MARKETS

FOUR TYPES OF MARKETS

FOUR TYPES OF MARKETS

FOUR TYPES OF MARKETS

Characteristics of Different Types of Markets

TOTAL REVENUE

ECONOMIC PROFIT

Email: osman.zaim@orst.edu

Home Page: http://osu.orst.edu/instruct/econ201/osman/

Best experienced with

Click here to start.

Download presentation source