[경제학원론] The Supply Curve and the Behavior of Firms

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[경제학원론] The Supply Curve and the Behavior of Firms에 대한 자료입니다.
목차
THE FIRM’S PROFITS
PROFITS(이윤)
Total Revenue(총 수입)
Production and Costs(생산과 비용)
A production Function Relating Output to Labor Input
Costs
Graphical Representation of Total Costs
Key Terms 1
Key Terms 2
REVIEW
본문내용
Profits(이윤): total revenue received from selling the product minus the total costs of producing the product.

Total revenue(총 수입): the price per unit times the quantity the firm sells.

Total costs(총 비용): the sum of all costs incurred in producing goods or services.

Production function(생산함수): a relationship that shows the quantity of output for any given amount of input

Marginal product of labor(노동의 한계생산물): the change in production due to a one-unit increase in labor input

Diminishing returns to labor(노동에 대한 수확체감): a situation in which the increase in output due to a unit increase in labor declines with increasing labor input; a decreasing marginal product of labor.

Variable costs(변동비용): costs of production that vary with the quantity of production.

Fixed costs(고정비용): costs of production that do not depend on the quantity of production.

Marginal cost(한계비용): the change in total costs due to a one-unit change in quantity produced.



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