Unit 2: Elasticity, Consumer Choice, Costs

Lesson 7a: Economic Profit and the Production Function

Review Videos

- Economic Profit and Costs- ACDC Econ - Micro 3.6 [3:47 YouTube ACDC Leadership]   - Diminishing Marginal Returns- Micro 3.1 [5:53 YouTube ACDC Leadership] - Micro 3.1 The Law of Diminishing Marginal Returns - Econ Concepts in 60 Seconds (YouTube, ACDC Leadership 5:30)   NOTE: These are REVIEW videos only. In order to learn the material you must read the assigned textbook readings, watch the assigned lecture videos, and do problems. See the MICWEBAPP or the LESSONS link for these assignments.

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