ECONOMICS 101 FRESH MAN COURSE |CHAPTER 4| PART 3| TOTAL, AVERAGE & MARGINAL COSTS | SHORT-RUN COST
Автор: MR.A
Загружено: 2026-02-06
Просмотров: 60
Описание:
Understanding short-run cost curves is one of the most important — and confusing — topics in microeconomics. In this video, we break it down step by step in a clear and simple way.
You’ll learn:
✅ What Total Cost (TC), Average Cost (AC), and Marginal Cost (MC) mean
✅ How costs behave in the short run
✅ The relationship between production (TP, AP, MP) and cost curves
✅ Why marginal cost intersects average cost at its lowest point
✅ How the law of diminishing returns shapes cost curves
This lesson is perfect for:
🎓 Economics students
📚 Class 11, Class 12, undergraduate microeconomics
🧠 Exam preparation & concept revision
If you’ve ever struggled with short-run production and cost curves, this video will make everything click.
👉 Like, share & subscribe for more easy economics explanations!
/ @mr.a.16
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