Production And Cost Fixed Cost Essay

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Table 6 demonstrates. Table 6: Output per unit, LRATC

# units

ATC / unit

MC

SRATC

1

2

60

3

50

4

40

20

80

5

35

25

60

6

33

30

40

7

32

32

32

8

33

34

40

9

34

38

60

10

35

44

80

11

36

50

12

37

60

13

38

80

Works Cited

Ben-Akiva, Moshe (2008). 'Theory of the Firm.' OpenCourse Ware, Massachussetts

Institute of Technology, Cambridge Mass. Online (March 16, 2011): http://ocw.mit.edu/courses/civil-and-environmental-engineering/1-201j-transportation-systems-analysis-demand-and-economics-fall-2008/lecture-notes/MIT1_201JF08_lec09.pdf

Bober, Stanley (2001). Alternative Principles of Economics M.E. Sharpe, New York.

Braff, Allan (1969). Microeconomic Analysis. John Wiley & Sons, Inc., New York.

Breit, William and Hochman, Harold (1968) Readings in Microeconomics....

...

Holt, Rinehart
and Winston, Inc.

Henderson, James M. And Quandt, Richard E. (1958). Microeconomic Theory / a

Mathematical Approach. McGraw-Hill, New York.

Keynes, John Maynard ([1936] 1973). The Collected Writings of John Maynard Keynes,

Vol. VII, the General Theory of Employment Interest and Money. The Royal Economic Society. Macmillan, New York.

Knight, Frank ([1934] 1967). The Economic Organization. Augustus M. Kelly, New York.

Robinson, Joan (1959). The Economics of Imperfect Competition. MacMillan & Co, New

York.

Petroff, John. (2002). 'Chapter 3: Production Costs.' Professional Educational

Organization International, undated. Online (March 17, 2011): http://www.peoi.org/Courses/mic/mic3.html

Reynolds, Lloyd (1971). Principles of Economics: Micro. Roger Hermanson, ed.

Learning Systems Company, Illinois.

Smith, Adam ([1776] 1937). The Nature and Causes of the Wealth of Nations. Edwin Cannan, ed. New York: The Modern Library, New York.

Vickrey, William. "marginal and average cost pricing." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 17 March 2011 doi:10.1057/9780230226203.1024

Sources Used in Documents:

Works Cited

Ben-Akiva, Moshe (2008). 'Theory of the Firm.' OpenCourse Ware, Massachussetts

Institute of Technology, Cambridge Mass. Online (March 16, 2011): http://ocw.mit.edu/courses/civil-and-environmental-engineering/1-201j-transportation-systems-analysis-demand-and-economics-fall-2008/lecture-notes/MIT1_201JF08_lec09.pdf

Bober, Stanley (2001). Alternative Principles of Economics M.E. Sharpe, New York.

Braff, Allan (1969). Microeconomic Analysis. John Wiley & Sons, Inc., New York.
Organization International, undated. Online (March 17, 2011): http://www.peoi.org/Courses/mic/mic3.html
Vickrey, William. "marginal and average cost pricing." The New Palgrave Dictionary of Economics. Second Edition. Eds. Steven N. Durlauf and Lawrence E. Blume. Palgrave Macmillan, 2008. The New Palgrave Dictionary of Economics Online. Palgrave Macmillan. 17 March 2011 <http://www.dictionaryofeconomics.com/article?id=pde2008_M000043> doi:10.1057/9780230226203.1024


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