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Cataloged Resource Summary

 

Title

Widget Production in the Classroom

Author

John Neral

Category

Production and Firm Behavior

Type

Non-computerized experiment

Description

For many students, the standard principles-level treatment of production and cost is an incomprehensible maze of definitions and formulas, all of which can be very difficult to relate to real world production relationships. The following classroom exercise can be helpful in bridging this gap between theory and experience.

URL

http://mcnet.marietta.edu/~delemeeg/expernom/s93.html#neral1

Home URL

http://mcnet.marietta.edu/~delemeeg/expernom.html
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