© 2008 pearson addison wesley. all rights reserved chapter seven costs
TRANSCRIPT
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© 2008 Pearson Addison Wesley. All rights reserved
Chapter Seven
Costs
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© 2008 Pearson Addison Wesley. All rights reserved. 7-2
Equation 7.1
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© 2008 Pearson Addison Wesley. All rights reserved. 7-3
Equation 7.2
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Figure 7.1Short-Run Cost Curves
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© 2008 Pearson Addison Wesley. All rights reserved. 7-5
Equation 7.3
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© 2008 Pearson Addison Wesley. All rights reserved. 7-6
Equation 7.4
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© 2008 Pearson Addison Wesley. All rights reserved. 7-7
Equation 7.5
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© 2008 Pearson Addison Wesley. All rights reserved. 7-8
Figure 7.2Effect of a Specific Tax on Furniture Firm’s Cost Curves
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© 2008 Pearson Addison Wesley. All rights reserved. 7-9
Equation 7.6
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© 2008 Pearson Addison Wesley. All rights reserved. 7-10
Equation 7.7
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© 2008 Pearson Addison Wesley. All rights reserved. 7-11
Equation 7.8
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Figure 7.3Cost Minimization
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Equation 7.9
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© 2008 Pearson Addison Wesley. All rights reserved. 7-14
Equation 7.10
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© 2008 Pearson Addison Wesley. All rights reserved. 7-15
Equation 7.11
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© 2008 Pearson Addison Wesley. All rights reserved. 7-16
Equation 7.12
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Equation 7.13
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© 2008 Pearson Addison Wesley. All rights reserved. 7-18
Equation 7.14
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© 2008 Pearson Addison Wesley. All rights reserved. 7-19
Equation 7.15
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© 2008 Pearson Addison Wesley. All rights reserved. 7-20
Equation 7.16
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© 2008 Pearson Addison Wesley. All rights reserved. 7-21
Equation 7.17
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© 2008 Pearson Addison Wesley. All rights reserved. 7-22
Equation 7.18
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© 2008 Pearson Addison Wesley. All rights reserved. 7-23
Equation 7.19
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Figure 7.4Output Maximization
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Equation 7.20
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Figure 7.5Change in Factor Price
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Equation 7.21
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Figure 7.6(a)Expansion Path and Long-Run Cost Curve
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Figure 7.6(b)Expansion Path and Long-Run Cost Curve
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Equation 7.22
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Table 7.1Shape of Average Cost Curves in Canadian Manufacturing
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Figure 7.7(a)Long-Run Average Cost as the Envelope of Short-Run Average Cost Curves
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Figure 7.7(b)Long-Run Average Cost as the Envelope of Short-Run Average Cost Curves
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Figure 7.8Long-Run and Short-Run Expansion Paths
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Figure 7.9(a)Learning by Doing
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Figure 7.9(b)Learning by Doing
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Figure 7.10Joint Production