生产成本1经济学.pdf

Part ⅤFirm behavior and the organization of industry 1. The Costs of Production 生产成本(1) Cookie Factory 图片来源： • What are the input (cost) of Katherine’s google 图片 Cookie Factory?  Material: Flour, Sugar, Chocolate chips...  Equipment: Mixers and Ovens…  Labor  Factors of her own Explicit costs are input costs that require a direct outlay of money by the firm. Accounting Cost Implicit costs are input costs that do not require an outlay of money by the firm. A firm’s Economic Cost of Economic Cost production include explicit costs Opportunity Cost and implicit costs. Implicit Costs _1 Money Interest from lending the money to others. I invested $10 million to establish this firm. If there will be $200,000 profit from this firm for one year, should I start this business? 图片来源： google 图片 Implicit Costs_2 Labor (Saleswoman Income from other job Wage: ¥1000/month) I want to quit ! Start my own hairdressing business. If there wi