Andrea’s software business How competitive firm sets its output.
PPA 723: Managerial Economics Lecture 11: Costs. Managerial Economics, Lecture 11: Costs Outline Short-Run Cost Curves The Input Mix Decision Long-Run.
UNIT 7: Firm Costs, Revenues, and Profits. Key Topics 1. Cost concepts a. Cash and Non Cash b. Variable and Fixed c. Total: TFC, TVC, TC d. Average: AFC,
