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Economics Lecture Twelve (view source)

Revision as of 16:06, December 2, 2009

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6. Review:  explain again what AFC, AVC and ATC are, and how they relate to each other.  When should a firm shut down?
 
6. Review:  explain again what AFC, AVC and ATC are, and how they relate to each other.  When should a firm shut down?
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7. What causes a production possibilities curve to shift outward?
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7. What is needed to reach point D in Figure A?  (In other words, what causes a production possibilities curve to shift outward?)
    
===Honors:===
 
===Honors:===
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