Multi-Input Production, MC, Marginal Cost, AC, Average Cost, Duke, Nechyba

Animated and verbal exploration of topics began in Chapter 11 App are extended to multiple inputs. Cost curves and cost minimization are also considered. The importance of returns to scale is explored and how (if at all) it relates to the marginal product of individual inputs.

This app contains 13 animated graphs with voice over that plays as graphs are drawn. Users can jump ahead to which ever graph or portion of graph is of interest.

Useful for any undergrad micro economics.

Developed in conjunction with Professor Thomas Nechyba for the Micro Economics curriculum in the Department of Economics, Duke University, Durham, NC

Duke, Nechyba, returns to scale, average cost, marginal cost, cost minimization, convex