Lesson 3 of 10 • 3 upvotes • 14:26mins
We outline the behaviour of cost in the short-run and talk about total cost curves.
10 lessons • 2h 7m
Cost and Revenue Analysis : Chapter Overview
4:53mins
Concepts of Cost
14:57mins
Behaviour of Cost in the Short-run
14:26mins
Average Cost Curve
15:00mins
Marginal Cost
10:50mins
Long-run Cost Curves
11:01mins
Why is Long-run Average Cost Curve U shaped?
14:59mins
Shifts of Long-run Average Cost Curve
14:59mins
Revenue Concepts
13:10mins
Relationship between Total, Average and Marginal Revenue under Imperfect Competition
13:23mins