Lab 7: Cost Curves and the Long Run
Textbook reading: Kreps, Chapter 11 (sections 11.1 and 11.2) and Chapter 14 (sections 14.1 to 14.4), plus the Class 12 and Class 13 pages. This lab assumes you have had both classes. Bright Creek is Q37 and Q38 at a whiteboard, with one difference: workers and breweries come in whole units.