Costs of Production Review Videos

If you've been struggling the last couple of days with the costs of production, you're not alone. Along with being fairly dull, understanding the relationship of all the curves can be pretty difficult. Here are a couple of quick review videos to help...

Costs of Production (part 1)
Costs of Production (part 2)
Shape of MC and ATC

Tuesday, October 9th

Agenda:

1. Stamp HW (A#19)
2. Long-Run Production Costs
3. Perfect Competition

Monday, October 8th

Agenda:

1. Short Run Costs of Production
2. Long-Run Costs

Homework:

1. Read/Notes p. 572-575 w/Mod. 58 (A#19) 

Friday, October 5th

Agenda:

1. Read/Notes Mod. 56 (A#18)

Thursday, October 4th

Agenda:

1. Short Run Costs of Production

Homework

1. Bring Textbooks to class tomorrow

Tuesday, October 2nd

Agenda:

1. Stamp HW (A#17)
2. Short Run Costs of Production

Monday, October 1st

Agenda:

1. Production and the Law of Diminishing Marginal Returns
2. Revenue and Profit
3. Short Run Costs of Production

Homework:

1. Read/Notes Mod. 55 (A#17)