Embed Size (px)
Citation preview
Unit 3: MicroeconomicsNational Council on Economic Education
Visual 3.1http://apeconomics.ncee.net
Different Types of Market Structures
Unit 3: MicroeconomicsNational Council on Economic Education
Visual 3.2http://apeconomics.ncee.net
Marginal Product and Marginal Cost
Unit 3: MicroeconomicsNational Council on Economic Education
Visual 3.3http://apeconomics.ncee.net
Total Fixed, Total Variable, and Total Costs
Unit 3: MicroeconomicsNational Council on Economic Education
Visual 3.4http://apeconomics.ncee.net
Average Fixed, Average Variable andAverage Costs
Unit 3: MicroeconomicsNational Council on Economic Education
Visual 3.5http://apeconomics.ncee.net
The Perfectly Competitive Firm andIndustry in Short-Run Equilibrium
Unit 3: MicroeconomicsNational Council on Economic Education
Visual 3.6http://apeconomics.ncee.net
Profit, Loss and Shutdown
Unit 3: MicroeconomicsNational Council on Economic Education
Visual 3.7http://apeconomics.ncee.net
The Perfectly Competitive Firm inLong-Run Equilibrium
Unit 3: MicroeconomicsNational Council on Economic Education
Visual 3.8http://apeconomics.ncee.net
How an Increase in Demand Changes Long-Run
Equilibrium for the Firm and Industry
Unit 3: MicroeconomicsNational Council on Economic Education
Visual 3.9http://apeconomics.ncee.net
How a Decrease in Demand Changes Long-Run
Equilibrium for the Firm and Industry
Unit 3: MicroeconomicsNational Council on Economic Education
Visual 3.10http://apeconomics.ncee.net
Price and Marginal Revenue for a Monopolist
Unit 3: MicroeconomicsNational Council on Economic Education
Visual 3.11http://apeconomics.ncee.net
The Profit-Maximizing Position of a Monopoly
Unit 3: MicroeconomicsNational Council on Economic Education
Visual 3.13http://apeconomics.ncee.net
Short-Run and Long-Run Equilibriumfor a Monopolistic Competitor
Short-Run Profits Short-Run Losses
Long-Run Equilibrium
