Theory of Cost With Numbers and Calculations

Tutorial is a second in a series of three tutorials. This tutorial includes discussion on Theory of Cost with examples on how to calculate, marginal cost, average cost and average variable cost. Cost theory is typically taught as part of a microeconomics class

Category:

Education

Tags:

• Cost Theory
• Marginal Cost
• Average Cost
• Fixed Cost
• Calculations
• MC
• ATC
• AVC
• AFC

[ashadas27]

excellent explanations. thanks a lot. i would like to know which application you use to demonstrate

[economicsfun]

@ashadas27 I use a variety of different of tools including flash, illustrator and final cut studio and some other assorted tools.

[bmwm3cs]

Thanks for putting out these videos. I watch and take notes on all of them.

[economicsfun]

@bmwm3cs Thank you for your feedback. I would be curious how you do in your class and how much these videos are helping you.

[RockBRolly]

These are really helpful as they are concise, easy to comprehend and complete. Now if you could provide a few exercises so we can prepare for test and exams, that would be a bonus! ;-)