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Lecture 18 - Costs Envelopes and Applications(B&B Chapter 8...

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Northwestern University ECON 310-1: Microeconomic Theory Professors Jim Hornsten and Ron Braeutigam Winter 2012 Costs: Envelopes and Applications (B&B Chapter 8) Notes for Lecture #18 From Learning Outcome 6 on syllabus: You will be able to apply the optimal choice model for producers to show the relationship between production functions [and] cost curves and supply curves in the short run and in the long run.
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