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Ppt Prs Econ Ch08 9e

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C H A P T E R 8 S h o r t - R u n C o s t s a n d O u t p u t D e c i s i o n s © 2009 Pearson Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 1 of 48 PowerPoint Lectures for Principles of Economics, 9e By Karl E. Case, Ray C. Fair & Sharon M. Oster ; ; C H A P T E R 8 S h o r t - R u n C o s t s a n d O u t p u t D e c i s i o n s © 2009 Pearson Education, Inc. Publishing as Prentice Hall Princi
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     C   H   A   P   T   E   R   8   S   h  o  r   t  -   R  u  n   C  o  s   t  s  a  n   d   O  u   t  p  u   t   D  e  c   i  s   i  o  n  s © 2009 Pearson Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 1 of 48 PowerPoint Lectures for Principles of Economics, 9e By Karl E. Case, Ray C. Fair & Sharon M. Oster ; ;     C   H   A   P   T   E   R   8   S   h  o  r   t  -   R  u  n   C  o  s   t  s  a  n   d   O  u   t  p  u   t   D  e  c   i  s   i  o  n  s © 2009 Pearson Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 2 of 48  © 2009 Pearson Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 8 PART II  THE MARKET SYSTEM Choices Made by Households and Firms Short-Run Costs and Output Decisions Fernando & Yvonn Quijano Prepared by:     C   H   A   P   T   E   R   8   S   h  o  r   t  -   R  u  n   C  o  s   t  s  a  n   d   O  u   t  p  u   t   D  e  c   i  s   i  o  n  s © 2009 Pearson Education, Inc. Publishing as Prentice Hall Principles of Economics 9e by Case, Fair and Oster 4 of 48 8 Short-Run Costs and Output Decisions Costs in the Short Run Fixed Costs Variable Costs Total Costs Short-Run Costs: A Review Output Decisions: Revenues, Costs, and Profit Maximization Total Revenue ( TR  ) and Marginal Revenue ( MR  ) Comparing Costs and Revenues to Maximize Profit The Short-Run Supply Curve Looking Ahead CHAPTER OUTLINE PART II  THE MARKET SYSTEM Choices Made by Households and Firms
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