11.2
ECO 120
Module 11 Part 2
Survey of Economics

Production and Cost

Review/Preview of
Learning Objectives

Class Activities

Checkpoint Summary

Your Homework

Love for Econ...

Review/Preview of
Learning Objectives

Preview

Master these learning goals.

9.3 Explain the relationship between a firm's output and cost in the short run.

9.4 Derive and Explain a firm's long-run average cost curve.

Class
Activities

Read your text. Complete your study guide.

9.3 Explain the relationship between a firm's output and cost in the short run.
Slides number 41 through 60 deal with Course Objective 9.3 .
Click Production and Cost - 2004 Slides.

9.4 Derive and Explain a firm's long-run average cost curve.
Slides number 43 through 59 deal with Course Objective 9.4 .
Click Production and Cost - 2004 Slides.

Checkpoint
Summary

Textbook page 247 summarizes the key points about Production and Cost.

Your
Homework

Complete all portions of the textbook and study guide relating to Checkpoint 9.3, and 9.4 on Production and Cost.

Take the optional post-study bonus point quizzes on Production and Cost on Saturday following Module 11.

Take the optional pre-study bonus point quizzes on Perfect Competition on Sunday preceding Module 12.

Then read and study Perfect Competition course objective 10.1 and 10.2 in your textbook and study guide
before attending the next class session.

Love for Econ
Springs Eternal !

Take a virtual internet trip through Patrick Henry Community College economics to visit the following Internet site:

The World Bank Group’s mission is to fight poverty and improve the living standards of people in the developing world. It is a development Bank which provides loans, policy advice, technical assistance and knowledge sharing services to low and middle income countries to reduce poverty. The Bank promotes growth to create jobs and to empower poor people to take advantage of these opportunities

http://www.worldbank.org/

Love for econ springs eternal !