Chapter 27. Cost Assumptions for Profit Maximizing Firms

Chapter Contents

27.1 – Introduction to Cost Assumptions for Profit Maximizing Firms

27.2 – Explicit and Implicit Costs, and Accounting and Economic Profit

27.3 – The Structure of Costs in the Short Run

27.4 – The Structure of Costs in the Long Run

27.5 – Costs, Profits, and Market Structures

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Principles of Economics: Scarcity and Social Provisioning (3rd Ed.) Copyright © by Erik Dean; Justin Elardo; Mitch Green; Benjamin Wilson; Sebastian Berger; Richard Dadzie; and Adapted from OpenStax Principles of Economics is licensed under a Creative Commons Attribution 4.0 International License, except where otherwise noted.

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