Vazirligi I. A. Bakieva, X. S. Xadjaev, M. Z. Muhitdinova., Sh. Sh. Fayziyev. Mikroiqtisodiyot

CHAPTER IX. The theory of production

9.1. Production technology............................................................................ 176
9.2. Isoquants ............................................................................................... 179
9.3. Production in the short and long term .................................................. 182
9.4. Mild and marginal product...................................................................... 185
9.5. Interchangeable factors of production..................................................... 191
9.6. The effect of scale 195
Brief conclusions ......................................................................................... 201
Control questions …………......................................................................... 201

CHAPTER X. Costs of production

10.1. Total profit, total costs and profit ........................................................ 202
10.2. Constant and variable costs................................................................... 210
10.3. Cost curves and their form.................................................................... 212
10.4. Costs in the short and long terms 216
Brief conclusions ......................................................................................... 218
Control questions …………......................................................................... 219

CHAPTER XI. Firms in competitive markets

11.1. The concept of competition................................................................ 221
11.2. The income of a competitive firm....................................................... 222
11.3. Maximization of profit and supply curve of a competitive firm........... 224
11.4. The supply curve for a competitive market.......................................... 227
Brief conclusions ......................................................................................... 230
Control questions …………......................................................................... 237