Course Objectives

 

 1.  Explain how economists measure a firm's cost of production and profit.

 2.   Explain the relationship between a firm's output and labor employed in the short run. 

 3.   Explain the relationship between a firm's output and costs in the short run. 

 4.   Derive and explain a firm's long-run average cost curve. 

 

"Love for Econ springs eternal!"