Theory of Production and Cost
11. Translog Cost Function | Elasticity of Substitution |
Topics discussed:
Translog Cost Function
Properties of Translog Cost Function
Elasticity of Substitution
12. Equilibrium of the Firm and Industry | Perfect Competition | Demand Curve | Supply Curve | Shut Down Point | SR Supply Curve | SR and LR Equilibrium |
Topics discussed:
Perfect Competition
The Profit Max Problem
Equilibrium of the Firm
The Supply Curve of a Firm
Industry Supply Curve
Long Run Equilibrium
