INTERACTIVE FIGURES Production and Cost CHAPTER 12.

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INTERACTIVE FIGURES Production and Cost CHAPTER 12

Transcript of INTERACTIVE FIGURES Production and Cost CHAPTER 12.

INTERACTIVE FIGURES

Production and Cost CHAPTER12

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Table 12.1Table 12.1

Figure 12.1Figure 12.1

Figure 12.2Figure 12.2

Figure 12.3Figure 12.3

Figure 12.4Figure 12.4

Economic Accounting

Two Views of Cost and Profit

Total Product Schedule and Total Product Curve

Total Product and Marginal Product

Average Product and Marginal Product

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Table 12.2Table 12.2

Figure 12.5Figure 12.5

Table 12.3(a)Table 12.3(a)

Figure 12.6Figure 12.6

Sam’s Smoothies’ Total Costs

Total Cost Curves at Sam’s Smoothies

Sam’s Smoothies’ Marginal Cost

Average Cost Curves and Marginal Cost Curve at Sam’s Smoothies

Table 12.3(b)Table 12.3(b) Sam’s Smoothies’ Average Cost

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Table 12.4Table 12.4

Figure 12.7Figure 12.7

Figure 12.8Figure 12.8

Eye On the U.S. EconomyEye On the U.S. Economy

A Compact Glossary of Costs

Product Curves and Cost Curves

Long-run Average Cost Curve

The ATM and the Cost of Getting Cash

Reality CheckReality Check Marginal Grade and Grade Point Average