Chapter+22

1. Explicit Costs

2. Implicit Costs

3. Normal Profit

4. Economic Profit

5. Short Run

6. Long Run

7. Law of Diminishing Returns

8. Economies of Scale

9. Diseconomies of Scale

10. Minimum Efficient Scale

11. Fixed Costs

12. Variable Costs

13. Marginals Act Like Magnets to Averages

14. Marginal Cost and Marginal Product are Mirror Images

15. Marginal Product