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(1) What is technology and how does it relate to a firm's PPF (or its output of goods and
services) (12) Regarding a Firm What is its short-run What is its long-run (13) What are the
differences in economic and accounting profits (14) Understand the relationship between
marginal and average product (numeric and graphical)

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(1) What is technology and how does it relate to a firm's PPF (or its.pdf

  • 1. (1) What is technology and how does it relate to a firm's PPF (or its output of goods and services) (12) Regarding a Firm What is its short-run What is its long-run (13) What are the differences in economic and accounting profits (14) Understand the relationship between marginal and average product (numeric and graphical)