Microeconomics Notes

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Microeconomics Chapter 1 Thinking like an economist Factors of Production---resources Labor Land Capital: produced mean of production Organization Cost Benefit Principle What is the optimal Class Size? Cost of offering classes: professor’s salary and the cost of a classroom large enough. Assume the university charges tuition only to cover costs
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  • Spring '14
  • Azariadis
  • Economics, $20000, $30

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