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Lecture 8: Introduction to Producer Theory

Lecture 8: Introduction to Producer Theory

This video was recorded at 14.01SC Principles of Microeconomics, Fall 2011. 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.... Show More

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