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Materials from Class - 2021-9
Mon 12/6
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Total, average, and marginal revenue
Total, average, and marginal profit
Demand and producer's choice of price
Example output decisions
Competitive vs monopoly MR
Class Materials
Notes part 1: cost functions
Daily exercise on cost functions
Daily exercise on cost functions: solution
Notes part 2: revenue, profit and output
Production spreadsheet - Excel
Production spreadsheet - PDF for competitive cases
Production spreadsheet - PDF for monopoly cases
Notes part 3: MR for competitors and monopolists
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Peter J Wilcoxen, The Maxwell School, Syracuse University
Revised 12/30/2021
