Chapter Lecture: Add personal experiences, news, and/or research to support what is in your selected chapter/appendix

Prepare a lecture on Chapter 5, Chapter 6, or Appendix to Chapter 6. This assignment is to be done as a written paper, not an outline or slide presentation. The lecture should be in your own words (not just summarizing the sections). Add personal experiences, news, and/or research to support what is in your selected chapter/appendix. Use APA convention to cite any resources, including the textbook.

I attached the chapter itself and also the notes for 5 and 6.

Answer preview………………….

Chapter Lecture

Chapter 5 covers production cost in short run. Variables inputs used makes the production functions sustain diminishing returns hence the additional amounts reduced from the produced output. The marginal cost undergoes an increase in short run when the returns are diminished hence leading to an increase in the production output. The case study is a fast food joint which lower cost of production by adopting new technology of production. Supply understanding is determined by the production and costs involved. Production and cost enable……………….

APA 568 words