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Chapter 11: One Input and One Output: A Simple Model of ProducersAnimated GraphicsEach graphic opens in a new browser window. Note: These animations may take some time to load.Graph 11.1ab Two Types of Producer Choice Sets and Associated Production Frontiers Voice-Over Graph 11.2abThe MPl Associated with the Production Frontiers in Graph 11.1 Voice-Over Graph 11.3abProducer Indifference -- or Isoprofit -- Curves Voice-Over Graph 11.4abIsoprofit Curve for $200 Profit as Wages and Prices Change Voice-Over Graph 11.5abcdefMaximizing Profit Voice-Over Graph 11.6abThe Impact of Changing Wages on Profit Maximizing Choices Voice-Over Graph 11.7MRPl and Labor Demand Voice-Over Graph 11.8The Impact of Changing Prices on Profit Maximizing Choices Voice-Over Graph 11.9abcThe Output Supply Curve Voice-Over Graph 11.10abcdefDeriving Total and Marginal Cost from Production Frontiers Voice-Over Graph 11.11abcDeriving the Output Supply Curve from MC Voice-Over Graph 11.12abNon-Convexities in Production Choice Sets and Negative Profits at Tangencies Voice-Over Graph 11.13abNon-Convexities in Production Sets and Multiple "Solutions" Voice-Over |