伦敦经济学院高微讲义-企业理论.pptVIP

2021/2/12 * The Firm Production Cost minimisation Profit maximisation Optimisation Comparative Statics The Firm and the Market Cost minimisation Two stages of optimisation 2021/2/12 * Q Q decreasing returns to scale increasing returns to scale C/Q Shape of AC depends on RTS average cost and output... 2021/2/12 * Q Q P C/Q CQ P cuts average cost at its minimum marginal cost 2021/2/12 * P Q PQ Revenue 2021/2/12 * P Q C/Q Revenue and Costs 2021/2/12 * C/Q profits vary with Q ... Q Q Q Q Q Q Q P CQ P Maximum Profits price = marginal cost What condition holds at exactly this point?? 2021/2/1