20. Short Run Cost Curves from Short Run Production
Автор: Intromediate Econ
Загружено: 2010-01-15
Просмотров: 51214
Описание:
In this video, I derive the short run average variable cost, marginal cost, and average cost curves. In particular, I demonstrate why these curves are U-shaped. I also demonstrate why the MC curve intersects AVC and AC at their minimum points.
This discussion is fundamental to deriving the framework for understanding firms' supply decisions. The graph is also indispensable in the study of entry, exist, and industry competiton.
For a list of videos and links to these videos (organized by topic), check out the Intromediate Microeconomics video web page:
http://blog.thisyoungeconomist.com/p/...
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