Module
Production, Costs and the Firm
Production in the short and long run, cost curves, economies of scale, revenue and profit, and what firms really aim for.
Educational material, not professional, tax or legal advice. Figures reflect Irish law as understood when written — check Revenue.ie or a qualified adviser before acting. Not affiliated with or endorsed by any professional body.
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- 01The firm and its objectives
- 02The short run and the long run
- 03Diminishing marginal returns
- 04Fixed and variable costs
- 05Marginal cost and average cost
- 06Long-run costs and economies of scale
- 07Diseconomies of scale
- 08Returns to scale
- 09Revenue: total, average and marginal
- 10Profit maximisation
- 11Shutdown and exit decisions
- 12The principal-agent problem
- 13Alternative theories of the firm
- 14How firms grow
- 15Small firms and entrepreneurship
- 16Congratulations on completing the module