Wednesday, March 11, 2015

Introduction to Perfect Competition

In class we reviewed the various topics from section 10 "Behind the Supply curve," as a means of reviewing for the quiz on Friday.  The review notes are attached:

Notes - Section 10 Review

Afterwards, we went over the review quiz which was for homework and I have attached the answer key.

Answer Key - Review Quiz - Section 10

Finally, we covered modules 58 and 59 in class on perfectly competitive markets and saw how the cost curve (specifically a firms marginal cost curve) becomes the firms supply curve.

The notes are attached and the homework is listed below.

Notes - Introduction to Perfect Competition

HW - Study for Quiz on Section 10
          Read Module 60


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