Production, Cost & the Perfect Competition Model
This unit represents 22-25% of the AP Microeconomics exam.
- 3.1 The Production Function
- 3.2 Short-Run Production Costs
- 3.3 Long-Run Production Costs
- 3.4 Types of Profit
- 3.5 Profit Maximization
- 3.6 Firms’ Short-Run Decisions to Produce and Long-Run Decisions to Enter or Exit a Market
- 3.7 Perfect Competition
- Notes
