Grade 9-12
,
On-Demand Webinar

Microeconomics 204: Revenue and Costs of Production in Perfect Competition

Time: 60 mins,
Presenter: Theresa Fischer
Teacher Version
Objective Standards Summary Description Resources
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Objective

Teachers will be able to:

  • Model the perfect, competitive firm.
  • Discuss long and short term risk and success.

Standards

State Standards

Concepts

Consumer Economics, Entrepreneurship, Incentives

This video is available to view for EconEdLink members only.

In this personal finance and economics webinar, teachers will understand concepts of market power and business planning.

Description

Teachers will learn how to present all the cost curves for a perfect competitive firm and relate it to the market place. They will also learn how to draw this firm in terms of profit, loss and long run.

Resources

Subjects:

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