Duke Micro Econ Chapter 11 1.0.0
Free Version
Publisher Description
Duke Micro Econ Chapter 11 - Covers: isoprofit, marginal product of labor, marginal revenue product, Nechyba
Animated and verbal exploration of derivation of producer choice and isoprofit lines. Then these are combined to show how the profit maximizing level of output might be chosen and how this level changes when wages and output prices change. The labor demand curve is derived from the marginal revenue product of labor. The output supply curve is derived from isoprofit tangencies with the production frontier and also from the marginal cost curve. The final two graphs, from the calculus portion of the material, considers problems that arise from non-convex production sets.
This app contains 13 animated graphs with voice over that plays as graphs unfold. 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
About Duke Micro Econ Chapter 11
Duke Micro Econ Chapter 11 is a free app for Android published in the Teaching & Training Tools list of apps, part of Education.
The company that develops Duke Micro Econ Chapter 11 is econweb.com. The latest version released by its developer is 1.0.0.
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