Final Review 2 - Production Function, Perfect Competition,...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Production Function, Perfect Competition, Monopoly and Price Discrimination and Price Discrimination Examples and Graphs IRS L K f L K f L K L K f L K L K f L K L K f L K L K f L K L K f L K L K f Q w r K 1 2 , , , , , , , : Scale to Returns Run Long the Find 1 , , , 000 , 10 , 8 . , 100 : example an do s Let' 2 2 1 2 3 2 1 2 3 2 2 1 2 3 2 1 2 3 2 1 2 3 2 1 2 3 2 1 2 3 DRS L f L f L L f L L f L L f L L f L L f L L L K Q K 1 2 1 1000 1000 1000 1000 1000 : Scale to Returns Run Short the Find 3 1000 100 100 : capital fixed the Plug 2 2 1 2 1 2 1 2 1 2 1 2 1 2 1 2 1 2 1 2 1 2 3 2 1 2 3 1 50 50 : supply s firm' the Find 7 50 100 2 : Cost Marginal the Find 6 100 80 000 , 000 , 1 000 , 10 100 8 . : cost total the Find 5 000 , 000 , 1 1000 1000 : equation labor required the Find 4 S 2 2 2 2 2 2 1...
View Full Document

This note was uploaded on 02/03/2010 for the course ECON econ102a taught by Professor Bandy during the Winter '09 term at UC Riverside.

Page1 / 11

Final Review 2 - Production Function, Perfect Competition,...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online