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ECON 101 Chapter 7: The Production Process: The Behavior of Profit-Maximizing Firms

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Revenue, Cost, and Profit

  • Guided course
    Explicit and Implicit Cost
    05:51
  • Guided course
    Fixed Costs and Variable Costs; Short Run and Long Run
    07:54
  • Guided course
    Accounting Profit and Economic Profit
    01:59

The Production Function and Diminishing Returns

  • Guided course
    The Production Function and Diminishing Returns
    07:45
  • Guided course
    Calculating Fixed Cost, Variable Cost, and Average Total Cost
    05:09

Isoquant Lines

  • Guided course
    Isoquant Lines
    09:45

Isocost Lines

  • Guided course
    Isocost Lines
    04:27

Price Elasticity of Supply

  • Guided course
    Price Elasticity of Supply
    05:38

Price Elasticity of Supply on a Graph

  • Guided course
    Price Elasticity of Supply on a Graph
    03:46

Introducing Taxes and Tax Incidence

  • Guided course
    Tax Incidence
    03:21
  • Guided course
    Taxes and Tax Incidence
    13:27