Available under Creative Commons-NonCommercial-ShareAlike 4.0 International License.
Learning Objectives
In this chapter we will explore:
- Economically and technologically efficient production
- Time frames: the short run and the long run
- Production in the short run
- Costs in the short run
- Fixed costs and sunk costs
- Production and costs in the long run
- Technological change and globalization
- Clusters, externalities, learning by doing, and scope economies
- 1781 reads
