Per_Unit_Economic_Costs_for_a_Firm_-_Short_Run_with_a_Fixed_Cost.jpg
Description Per Unit Economic Costs for a Firm - Short Run with a Fixed Cost.jpg |
English:
Shows a firm's Economic Costs in the "Short Run" - which, as defined, contains at least 1 "Fixed Cost" that cannot be changed or done away with even if the firm goes out of business
(stops producing)
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Source | "Micro Economic Theory, A Mathematical Approach. 3rd Edition", New York: McGraw-Hill Book Company, 1980. Glenview, Illinois: Scott, Foresmand and Company, 1988. |
Author | Henderson, James M., and Richard E. Quandt - My Own work added in from Text's Explanation |
- Other information
English:
General Micro Economic Theory that has been accepted for well over 100 years. The Authors above only took what was originally established by Sir Alfred Marshall and Ricardo well over 100 years ago. Since then it has been refined over several revisions/additions. Just a normal Microeconomic Textbook image found in any beginning Micro Economics course.
Public domain Public domain false false |
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This file is in the
public domain
because General Micro Economic Theory - Established 100 Yrs ago
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