Short-Run Costs (Part 1)- Micro Topic 3.2

In this video I explain the costs of production including fixed costs, variable costs, total cost, and marginal cost. Make sure that you know how to calculate the per unit costs: AVC, AFC, and ATC. Let me know what you think and please subscribe.

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Next video-drawing the cost curves
https://www.youtube.com/watch?v=qYKJdooEnwU

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More videos about the costs of production-
https://www.youtube.com/playlist?list=PLE70CA726102FB294

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