Latest Articles
Cost curves under increasing and diminishing returns (8/3/2007)
Under increasing returns, high fixed cost and low variable cost lead to persistently declining average total cost. The market can accommodate only one firm. Under decreasing returns, low fixed cost and rapidly rising variable cost lead to U-shaped average total cost. The market can accommodate many firms.
Under increasing returns, high fixed cost and low variable cost lead to persistently declining average total cost. The market can accommodate only one firm. Under decreasing returns, low fixed cost and rapidly rising variable cost lead to U-shaped average total cost. The market can accommodate many firms.
Regulation vs price discrimination under natural monopoly (notes) (3/27/2007)
Notes on regulation vs price discrimination under natural monopoly.
Notes on regulation vs price discrimination under natural monopoly.
Surplus under Single-pricing vs Price Discrimination (notes) (3/27/2007)
Notes on surplus under single pricing vs price discrimination.
Notes on surplus under single pricing vs price discrimination.
Profit maximization for single-pricing searcher (notes) (3/27/2007)
Notes on profit maximization for single-pricing searcher
Notes on profit maximization for single-pricing searcher
Profit maximization for the price taker (notes) (3/27/2007)
Notes on profit maximization for price takers.
Notes on profit maximization for price takers.
Comparative Advantage (notes) (3/27/2007)
Converting output per unit time table to time per unit output table.
Converting output per unit time table to time per unit output table.
Should parking be free? (transcript) (3/27/2007)
Narrated lecture comparing total benefits under free vs paid parking when parking spaces are scarce.
Narrated lecture comparing total benefits under free vs paid parking when parking spaces are scarce.
