{"page":"\n\n
\n
\n
\n
\n
\n\nVideo\n
\n

\nMarginal and Average Costs: Definitions, Calculations, and Graphs\n

\n
\n
\nGet Free Access for 10 Days!\n
\n
\n
\n
\n
\n
×
\n\n\n
\n\nPublisher:\n\nCurated Video\n\n\n
\n
\nThis video provides an introduction and detailed explanation of marginal and average costs in economics. The presenter explains the definitions of marginal and average costs, and demonstrates how to calculate them using a hypothetical...\nThis video provides an introduction and detailed explanation of marginal and average costs in economics. The presenter explains the definitions of marginal and average costs, and demonstrates how to calculate them using a hypothetical example. They also discuss the importance of understanding these concepts for economic decision-making, and explain how to depict these costs using graphs. The video also covers the differences between average fixed costs and average variable costs, and highlights the key properties of these cost curves.\n
\n
\n\n
\n
\n
\n
\n

Resource Details

\n
\n
\n
\n
Curator Rating
\n
\n
\n
\n
\n
\n
Educator Rating
Not yet Rated
\n
\n
\n
\n
\n
Media Length
\n
13:13
\n
\n
\n
\n
\n
Grade
12th - Higher Ed
\n
\n
\n
\n
\n
Subjects
Social Studies & History
3 more...
\n
\n
\n
\n
\n
Media Type
Instructional Videos
\n
\n
\n
\n
\n
Source:
\n
\nKnowMo Economics\n\n
\n
\n
\n
\n
\n
Date
\n
2018
\n
\n
\n
\n
\n\n
Language
English
\n
\n
\n
\n
\n
Audiences
For Teacher Use
2 more...
\n
\n
\n
\n
\n
Usage Permissions
Fine Print: Educational Use
\n
\n
\n
\n
\n
\n

Additional Materials

\n
\n\nSign in or Join Now
\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
\n
\n\nSign in or Join Now
\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Preview\n
\n
\n
\n

Concepts

\n
\n
economics, revenue, cost, logic, data
\n
\n\n\n
\n
\n
\n
\n

Additional Tags

\n
\n
a-level, lectures, micro, production, costs, 5.3b, marginal, and, average, marginal cost, average cost, total cost, smooth curve, mc curve, ac curve, average height, variable cost, extra cost, minimum point, starts decreasing, output increases, output level, extra unit, total, starts, table, number, point, output, important, crossover, increase, calculate, shape
\n
\n\n\n
\n
\n
\n
\n

Classroom Considerations

\n
Best For: Explaining a topic
Video is ad-free
\n
\n
\n

Educator Ratings

\n
\n
\n
\n
\n
\n\nShow resource details\n
\n
\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Marginal and Average Costs: Definitions, Calculations, and Graphs\" href=\"/subscription/new\">\"Marginal\n\n
\n
\n
\n\n\n\n"}