Unit 2: Elasticity, Consumer Choice, Costs

Lesson 7b: Production Costs in the Short Run

Review Videos

- Micro 3.2 AP Economics - Marginal Product and Marginal Cost: Econ concepts in 60 Seconds Review (YouTube ACDC Leadership, 4:54)   - Costs of Production- Microeconomics 3.3 (Part 1) 5:16 YouTube ACDC Leadership] - Cost Curves- Microeconomics 3.3 (Part 2) [3:13 YouTube ACDC Leadership] - Marginal Cost and Average Total Cost- Micro 3.4 [3:16 YouTube ACDC Leadership] - Micro 3.5 AP Economics Marginal Product and Marginal Cost: Econ Concepts in 60 Seconds Review [4:54 YouTube ACDC Leadership] - Marginal Cost and ATC - Why do cost curves do that? (YouTube, ACDC Leadership, 3:16) - How to find TVC on a graph with letters [Screencast by your instructor]   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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