Lectue 7.ppt

Today’s Agenda—examine the firms’ behaviour This topic will give you a better understanding of what decisions lie behind the supply curve in a market. To examine what included in the industry’s total cost To analyze the relationship between the total cost and production To understand the relationship between the total cost and margin and how they interact To consider the shapes of typical cost curves To investigate the relationship between the short-run and long-run cost 在实现这些目的后，你应该能 解释经济利润和会计利润之间的区别 利用生产函数推导出总成本曲线 解释为什么边际成本曲线必定在平均总成本最低点与平均总成本曲线相交 解释为什么生产函数会在产量水平低时表现出边际产量递增，而在产量水平高