Lecture

Production Theory: Costs and Returns

In course

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Description

This lecture covers production theory, focusing on the relationship between a producer's behavior and the structure of production costs. Topics include the law of diminishing returns, cost functions, unit costs, and economic calculations under perfect competition.

Official source

https://mediaspace.epfl.ch/media/0_omomy5de

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Ontological neighbourhood

Economics

Macroeconomics: Competition, Markets

Microeconomics: Labor economics, Economic systems

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