Economics 1.2, Bedrijfskunde.
Instructiecollege 8: Theory of the firm, 8 November 2016
Teachers today:
- Hans Bloemen (Groups 1/2, 3/4, 5/6, 7/8)
- Elisabeth Artmann (Groups 9/10)
Subjects today:
I. Production functions: marginal productivity, isoquants, and cost minimization
II. Cost functions: marginal costs and average costs
III. Example of the hold-up problem and vertical integration
Based on example/case
1
Instructiecollege 8: Theory of the firm, 8 November 2016
Teachers today:
- Hans Bloemen (Groups 1/2, 3/4, 5/6, 7/8)
- Elisabeth Artmann (Groups 9/10)
Subjects today:
I. Production functions: marginal productivity, isoquants, and cost minimization
II. Cost functions: marginal costs and average costs
III. Example of the hold-up problem and vertical integration
Based on example/case
1
