5. Production Theory

MIT 14.01 Principles of Microeconomics, Fall 2018
Instructor: Prof. Jonathan Gruber
View the complete course: https://ocw.mit.edu/14-01F18
YouTube Playlist:    • MIT 14.01 Principles of Microeconomics, Fa...  

This video introduces the second unit of the course about producer theory. Topics include the production function, short-run production, long-run production, rates of technical substitution, returns to scale, and productivity.

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