Lesson 11 of 11 • 8 upvotes • 11:26mins
This lesson is a discussion of long run cost and long run cost curves along with the graphical representations.
11 lessons • 1h 48m
Course Overview
5:22mins
Introduction
8:34mins
Production Function
10:16mins
Isoquant
10:23mins
Total, Average and Marginal Product
10:29mins
Law of diminishing marginal product and law of variable proportion
11:56mins
Total, Average and Marginal Product curves
10:13mins
Returns to scale
8:23mins
Costs
8:52mins
Short run cost curves
12:41mins
Long run costs
11:26mins