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  • February 18, 2022
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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

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