Lecture 8: Introduction to Producer Theory

author: Jonathan Gruber, Department of Economics, Massachusetts Institute of Technology, MIT
recorded by: Massachusetts Institute of Technology, MIT
published: Dec. 3, 2012,   recorded: October 2011,   views: 2415
released under terms of: Creative Commons Attribution Non-Commercial Share Alike (CC-BY-NC-SA)
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Description

As we've already learned, consumers gain utility from buying goods—but every good has to come from somewhere! Goods are produced by firms, and analyzing the decisions of firms is also central to our understanding of the economy. In this lecture, we will learn how companies make important operation decisions.

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