Virtual University

Topic 213: Least-Cost Combination in Cobb-Douglas Production Function. (V-U)

36. Second-Degree Price Discrimination Contd.

19. A Firm’s Short Run Costs

Topic 214: Expansion Path using First Order Condition. (V-U)

37. The Two Part Tariff

2. Factors of Production

Topic 215: Homothetic Functions (V-U)

38. Bundling

20. Cost in the Long Run

Topic 216: Homotheticity of Cobb-Douglas Production Function. (V-U)

21. Production with Two Outputs

39. Monopolistic Competition

Topic 217: Introducing CES Production Function (V-U)

4. Changes in Market Equilibrium

22. Perfectly Competitive Markets

Topic 218: Homogeneity of CES Production Function (V-U)

40. Oligopoly

23. Choosing Output in Short Run

Topic 219: Marginal Products of CES Production Function (V-U)

41. The Prisoners’ Dilemma

24. The Short-Run Market Supply Curve

Topic 220: Share of Labor and Capital in CES Production Function (V-U)

42. Competitive Factor Markets

25. Long-Run Competitive Equilibrium

43. Competitive Factor Markets cont 1.