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Intermediate Microeconomics: Cost Minimization
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YouTubeBen Zamzow
Intermediate Microeconomics: Cost Minimization
I introduce the firm's cost minimization problem, discuss isocosts, and finding the optimal configuration of inputs by selecting the bundle that corresponds to the lowest isocost that crosses the isoquant corresponding to the required level of output. Then I go through our 'recipe book' for solving cost minimization problems for perfect ...
14.7K viewsMay 29, 2020
Cost-minimization Analysis Examples
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