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

Deriving "total product curves" from isoquants.

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

3:33 The Production Function 4:14 The Budget Constraint 4:52 The Helper Quadrant 5:10 Equilibrium, Model Capacity & Extreme ...

The short-run cost function.

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

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

Long-run cost curves in cases A1 and B1.

The own-price elasticity of demand along a linear demand curve.

Video 3 on producer theory.

More graphs of total profit for Type 2 production functions.

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

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

The "cost equation" and its graph.

Graph of short-run total profit for Type 1 production functions.

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

Demonstration that short-run cost curves can cross.

Short-run total costs for "type 2" production functions.

In this video I give you the shortcut for Marshallian Demand with Cobb-Douglas Utility Functions.

Short-run "total costs" with "type 1" production functions.