Оцените презентацию от 1 до 5 баллов!
Тип файла:
ppt / pptx (powerpoint)
Всего слайдов:
27 слайдов
Для класса:
1,2,3,4,5,6,7,8,9,10,11
Размер файла:
1.07 MB
Просмотров:
54
Скачиваний:
0
Автор:
неизвестен
Слайды и текст к этой презентации:
№1 слайд
№2 слайд
Содержание слайда: Chapter Objectives
Explicit and implicit costs
Law of diminishing returns
Fixed and variable costs
Total, average, and marginal costs
The firm’s size in the long run
№3 слайд
Содержание слайда: Economic Costs
Equal to opportunity costs
Explicit + implicit costs
Explicit costs
Monetary payments
Implicit costs
Value of next best use
Self-owned resources
Self-employed resources
№4 слайд
Содержание слайда: Profit
Accounting profit
Total revenue less explicit cost
Normal profit
Equal to implicit cost
Economic or pure profit
Total revenue less economic cost
№5 слайд
Содержание слайда: Profits Compared
№6 слайд
Содержание слайда: Short and Long Run
The short run
Fixed plant capacity
Variable intensity of plant use
Variable output
The long run
Variable plant capacity
Firms enter and exit
№7 слайд
Содержание слайда: Production Relationships
Total product (TP)
Marginal product (MP)
Average product (AP)
№8 слайд
Содержание слайда: Law of Diminishing Returns
Fixed technology
Add variable resource to fixed resource
Marginal product will decline
Beyond some point
Rationale
№9 слайд
Содержание слайда: Law of Diminishing Returns
№10 слайд
№11 слайд
Содержание слайда: Short-Run Production Costs
Fixed Costs
Do not vary with output
Variable Costs
Materials, most labor
Total Cost
TC = TFC + TVC
№12 слайд
Содержание слайда: Per-Unit Production Costs
Average fixed cost
AFC = TFC/Q
Average variable cost
AVC = TVC/Q
Average total cost
ATC = TC/Q = TFC/Q + TVC/Q
ATC = AFC+AVC
Marginal cost
MC = change in TC/change in Q
№13 слайд
Содержание слайда: Short-Run Production Costs
№14 слайд
Содержание слайда: Short-Run Production Costs
№15 слайд
Содержание слайда: Production Relationships
Marginal cost and diminishing returns
Marginal cost and marginal product
Marginal cost and average variable cost
Marginal cost and average total cost
Production curves and cost curves
Shifts in cost curves
№16 слайд
Содержание слайда: Graphical Relationships
№17 слайд
Содержание слайда: Long-Run Production Costs
Choose your plant size
Minimize ATC
Different ATC curves
Short run
Long run ATC
Envelope of short run ATC
№18 слайд
Содержание слайда: Long-Run ATC Curve
№19 слайд
Содержание слайда: Long-Run ATC Curve
№20 слайд
Содержание слайда: Long Run Production Cost
Economies of Scale
Labor specialization
Managerial specialization
Efficient capital
Diseconomies of Scale
Constant Returns to Scale
№21 слайд
Содержание слайда: Long-Run ATC Shapes
№22 слайд
№23 слайд
№24 слайд
Содержание слайда: Industry Structure
Minimum efficient scale (MES)
Natural monopoly
Applications and illustrations
Price of corn
Successful start-up firms
The Verson stamping machine
The daily newspaper
Aircraft and concrete plants
№25 слайд
Содержание слайда: Sunk Costs
Irrelevant in decision making
Cannot be recovered
Do not affect marginal benefit and marginal cost
Firm example:
R&D costs
№26 слайд
Содержание слайда: Key Terms
economic (opportunity) cost
explicit costs
implicit costs
normal profit
economic profit
short run
long run
total product (TP)
marginal product (MP)
average product (AP)
law of diminishing returns
fixed costs
№27 слайд
Содержание слайда: Next Chapter Preview…