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Module 4

Theory of the Firm and Production

Examine how firms make production decisions in the short and long run. Study production functions, cost curves, economies of scale, and the role of technology.

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3 lessons
4.1

Lesson 4.1

Production Functions and Firm Behavior

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4.2

Lesson 4.2

Short-Run Production Costs

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4.3

Lesson 4.3

Long-Run Costs and Economies of Scale

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