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The data for a production possibility curve are based on the following: 2 products, blankets and pillows, are produced A fixed ...

Modeling the technology of production by means of "production functions." Also, the shortcomings of this approach.

Deriving "total product curves" from isoquants.

An increase in the quantity and/or productivity of resources make is possible to produce more pillows and blankets. This is ...

Short-run average and marginal costs for "type 2" production functions.

Long-run cost curves in cases A1 and B1.

Our previous conversations about what determines the supply of fried chicken pieces we saw that if the cost of production ...

The short-run cost function.

Video 2 producer theory.

Shows that, in a graph, when marginal is above average, average is rising. When marginal is below average, average is falling.

Expansion paths of cost-minimizing firms.

More graphs of total profit for Type 2 production functions.

Going from "total product" curves to "marginal product curves." Also, the Law of Diminishing Returns.

The contour lines of the production function. These lines are called isoquants.

Summary of total, average, and marginal cost curves for "type 1" production functions.

Several examples of how to calculate the returns to scale of a production function whose algebraic form is given.

Hello and welcome to the screencast for calculus 2. today we're going to try to construct the graph of a function from the graph of ...

This YouTube channel was established during the COVID-19 challenging times, notably the national lockdowns worldwide.

Video 3 on producer theory.

ECO616 - Macroeconomic Analysis, Topic017: Production Function, By Dr. Hafiz Muhammad Ali Bhatti ...