1. 12
Production and Cost
CHAPTER

2. Table 12.1
Economic Accounting
Figure 12.1
Two Views of Cost and Profit
Figure 12.2
Total Product Schedule and Total Product Curve
Figure 12.3
Total Product and Marginal Product
Figure 12.4
Average Product and Marginal Product

3. Table 12.2
Sam’s Smoothies’ Total Costs
Figure 12.5
Total Cost Curves at Sam’s Smoothies
Table 12.3(a)
Sam’s Smoothies’ Marginal Cost
Sam’s Smoothies’ Average Cost
Table 12.3(b)
Average Cost Curves and Marginal Cost Curve at Sam’s Smoothies
Figure 12.6

4. Table 12.4
A Compact Glossary of Costs
Figure 12.7
Product Curves and Cost Curves
Figure 12.8
Long-run Average Cost Curve
Eye On the U.S. Economy
The ATM and the Cost of Getting Cash
Reality Check
Marginal Grade and Grade Point Average