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

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

Deriving "total product curves" from isoquants.

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

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.

An explainer on the Harrod-Domar and the Solow model of economic growht.

Long-run cost curves in cases A1 and B1.

More graphs of total profit for Type 2 production functions.

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

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

Video 3 on producer theory.

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

The "cost equation" and its graph.

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

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

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

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

Demonstration that short-run cost curves can cross.