Theory of costs; How to calculate variable cost functions, etc from Total cost functions.

Описание к видео Theory of costs; How to calculate variable cost functions, etc from Total cost functions.

MOG Economics
This class is a continuation of its preceding classes. See link here    • Theory of costs: How to calculate Tot...  

In this video, you shall learn about using a Total cost function to obtain all other cost functions such as the Average variable costs, Marginal costs, etc.
The concepts of optimization and relative extrema (why are some points called minimum and others maximum?) are also discussed.

For more of our classes, click the link below.
   / @mogeconomics  

Enjoy!
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See ya'll next time!

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