Y1 - Microeconomics 1

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Summary

Week 3

Universiteit van Amsterdam · Economics and Business Economics

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Chapter 6: Production
6.1. Firms and their Production Decisions
6.2. Production with one variable input (Labor).
6.3. Production with two variable inputs
6.4. Returns to scale (also long run)
Chapter 7: The Cost of Production
7.1. Measuring cost: Which costs matter?
7.2 Cost in the short run
7.3 Cost in the long run
7.4 Short-term versus long term
7.5 Production with two outputs – economies of scope

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