In quot;Ten Cheaper Spadesquot;, Richard Miller argues that the analysis of production and cost presented in the principles and intermediate microeconomics courses does not accurately describe manufacturing reality and is not supported by empirical estimation of cost curves. He proposes an...

We employ a production function approach to analyze the performance of our intermediate theory students. The dependent variables are measures of examination performance. The explanatory variables include measures of intellectual ability and performance in prerequisite courses and personal...