Chapter 9 -- Case and Fair -- Long Run (upadated 2009)
Like Chapter 8, this one is important. All sections should be read. It is really a continuation of Chapter 8.
Assigned problems from Problem Set: None
Transparencies, etc.Costs in the Long Run -- Example
long run adjustments in perfect competition (entry of firms causes profits to fall to normal)
Chapter 10 -- Case and Fair -- Input Demand (updated)
Ahhh! A little break. This chapter does not have to be studied carefully. The sheet below, on rent, and a hand-out in class will be the basis of the discussion on these topics.
Assigned problem from Problem Set: none