| The Theory of the Firm |
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(20-25% of the AP Exam; 10-15 Days) |
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| A. |
Firm Production, Costs and Revenue |
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1. |
Marginal Product and Diminshing Returns |
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2. |
Total, Average, Marginal - Cost and Revenue |
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3. |
Long Run Costs and Economies of Scale |
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| B. |
Product Pricing and Outputs: Perfect
Markets |
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Perfect Competition |
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The Worldly Philosophers
- Heilbroner
*Chapter VIII*
The Savage Society of
Thorstein Veblen |
Economics U$A #15
Economics U$A #17
Coffee Shop
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11/6
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Recomended:
- study guide chapter 6, pp. 57-68
- study guide chapter 7, pp.
69-80
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