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Lecture 9: Production Theory

This video was recorded at 14.01SC Principles of Microeconomics, Fall 2011. Everything has a cost, and that is true for firms as well as consumers. When firms produce goods, they incur costs that vary depending on how much they are producing. In this lecture, we will analyze firms' cost functions.

Keywords:: videolectures, ocwc, oec

Disciplines:

Business / Economics / Micro

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Material Type:: Presentation
Date Added to MERLOT:: February 10, 2015
Date Modified in MERLOT:: February 10, 2015
Author:: Jonathan Gruber, Department of Economics, Massachusetts Institute of Technology, MIT
Submitter:: The Open Education Consortium
Primary Audience:: College General Ed, College Lower Division, College Upper Division
Technical Format:: Video

Mobile Compatibility:: Not specified at this time
Language:: English
Cost Involved:: No
Source Code Available:: No
Creative Commons:: This work is licensed under a Attribution-NonCommercial-NoDerivs 3.0 United States