2.4 — Costs of Production — Class Content
Problem Set 3 (on classes 2.1-2.3) is due by 11:59 PM Friday October 14 on Blackboard Assignments.
Overview
Today we cover costs before we put them together next class with revenues to solve the firm’s (first stage) profit maximization problem. While it seems we are adding quite a bit, and learning some new math problems with calculating costs, we will practice it more next class, when put together with revenues.
Readings
- Ch. 7 in Goolsbee, Levitt, and Syverson, 2019
Appendix
See the online appendix for today’s content:
Assignments
Problem Set 3 Due Friday October 14
Problem Set 3 (on classes 2.1-2.3) is due by 11:59 PM Friday October 14 on Blackboard Assignments.
Slides
Below, you can find the slides in two formats. Clicking the image will bring you to the html version of the slides in a new tab. The lower button will allow you to download a PDF version of the slides.
You can type h to see a special list of viewing options, and type o for an outline view of all the slides.
I suggest printing the slides beforehand and using them to take additional notes in class (not everything is in the slides)!
