Video Lessons & Review

M52

Explicit & Implicit Costs 

M53

Maximizing Profit Practice

M54

Diminishing Returns and the Production Function

Welker: The Law of Diminishing Marginal Returns (advanced)

M55

Short-Run Costs (Part 1)

Short-Run Cost Curves (Part 2)

Short-Run Cost Curves (Part 3)

Practice Questions done in class #13-#34

Welker: Relationships between a Firm's Short-run Costs of Production (MC, AVC, ATC)

M56

Welker: Long-run Average Total Cost and Economies of Scale

Clifford: Economies of Scale and Long-Run Costs

Homework Sheets/ Practice Problems

M53 Highlights

M53 Blank Spreadsheet onTable 53.2 on Jen & Jasons Farms

Jen & Jason's Farm Spreadsheet Key

Paper Lop Simulation

M53 Blank Pizza Spreadsheet

M53 Pizza Spreadsheet Key

M55 Reading Questions

M55 Blank Spreadsheet for Mr. Clifford Videos x 3 on Cost Curves

M55 Average & Marginal Cost Rules for Drawing Curves

M56 SR-ATC & LR-ATC Curves Handout

M57 Graphic Organizer for 4 x Market Structures

M57 Reading Questions 

Power Points

3.1 Production Function

3.2 Short-run Production Costs (M55)

3.3 Long-Run Production Costs

3.4 Types of Profits

3.5 Profit Maximization

3.6 Firm's Short-Run and Long-Run Decision to Produce

Test Review

Unit 4 Test Topics Review