TAILIEUCHUNG - Lecture Managerial economics (8e): Chapter 6 - Samuelson, Marks

Chapter 6 - Cost analysis. Chapter 6 examines closely related issues concerning the firm’s costs. Managers are continually seeking less costly ways to produce and sell the firm’s goods and services. | Chapter SIX Cost Analysis Delete each element of capability until system capability is totally gone and 30 percent of the cost will still remain. ~Norman Augustine, Augustine’s Laws For Discussion Allocating Costs A sporting goods firm recently experimented with producing a new line of shoes: cross-training shoes for boys 10 to 16 years old. How should the company’s fixed costs be allocated between this new shoe line and other lines? Relevant Costs Opportunity Costs & Economic Profits Economic Profit Starting a Business Fixed and Sunk Costs Business Behavior—Sunk Costs Cost of Production Short-Run Costs Long-Run Costs Short-Run versus Long-Run Cost Figure A Firm’s Total Costs Figure A Firm’s Average and Marginal Costs Figure Short-Run versus Long-Run Cost Returns to scale and scope Returns to Scale Economies of Scope E-Commerce and Cost Economies Flexibility and Innovation Figure U-Shaped, Long-Run Average Cost Figure Three examples of Long-Run Average Cost Cost

• Kinh tế học
• Managerial economics
• Lecture Managerial economics
• Decision making applications
• Economic decision making
• Cost analysis
• Market interactions
• Fundamentals of managerial economics
• Marginal analysis
• Marginal benefit
• Economic principles
• Kinh tế học quản lý
• Price discrimination
• Monopolistic competition
• Oligopoly games
• Traditional oligopoly models
• Capital market
• Labour market
• Economic equations
• Economic applications
• Economic applications of derivatives
• Economic application
• Multi variable functions
• Constrained optimization
• Scatter diagram
• Forms of money
• Monetary policy
• Perfect competition
• Demand function
• Supply function
• Quantitative demand analysis
• Theory of individual behavior
• Demand estimation
• Production function
• Costs of production
• Organizing production