Lec 6: Costs

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MIT 14.01 Principles of Microeconomics, Fall 2023
Instructor: Prof. Jonathan Gruber
View the complete course: ocw.mit.edu/courses/14-01-principles-of-microeconomics-spring-2023/
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In this lecture, Prof. Gruber continues to talk about producer theory and where the supply curve comes from. Topics include short-run cost curves, short-run vs. long-run, long-run costs, and measuring costs. Keywords: producer, production, supply curve, short run, long run, costs

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