In economics, a cost curve is a graph of the costs of production as a function of total quantity produced. In a free market economy, productively efficient firms optimize their production process by minimizing cost consistent with each possible level of production, and the result is a cost curve. Profit-maximizing firms use cost curves to decide output quantities. There are various types of cost curves, all related to each other, including total and average cost curves; marginal ("for each additional unit") cost curves, which are equal to the differential of the total cost curves; and variable cost curves. Some are applicable to the short run, others to the long run. (Wikipedia).
In this video we cover the idea of marginal cost. This is simply the derivative of the cost function. We can roughly define marginal cost as the cost of producing one additional item. For more videos please visit http://www.mysecretmathtutor.com
From playlist Calculus
Find the Cost Function given the Marginal Cost and Fixed Costs
Please Subscribe here, thank you!!! https://goo.gl/JQ8Nys Find the Cost Function given the Marginal Cost and Fixed Costs
From playlist Calculus
Short-Run Cost Curves (Part 2)- Micro Topic 3.2
In this video I explain how to draw and analyze the cost curves. Most teacher sad professors focus on the per unit cost curves. That included marginal cost, average total cost, average variable costs, and the average fixed cost. Each have a specific shape. It might not be the most exciting
From playlist Micro Unit 3: Production, Cost, and Perfect Competition
Unit 2 - consumer demand part 3
From playlist Courses and Series
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From playlist Applications of Definite Integration
Finding the Marginal Cost Function given the Cost Function
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From playlist Calculus
Demand Curve as Marginal Benefit Curve
Thinking about a demand curve in terms of quantity driving price More free lessons at: http://www.khanacademy.org/video?v=KrkbbRxdDZ8
From playlist Supply, demand, and market equilibrium | AP Microeconomics | Khan Academy
Ex: Find the Average Cost Function and Minimize the Average Cost
This video explains how to find the average cost function and find the minimum average cost given the total cost function. Site: http://mathispower4u.com
From playlist Applications of Differentiation – Maximum/Minimum/Optimization Problems
Lec 11 | MIT 14.01SC Principles of Microeconomics
Lecture 11: Competition II Instructor: Jon Gruber, 14.01 students View the complete course: http://ocw.mit.edu/14-01SCF10 License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu
From playlist MIT 14.01SC Principles of Microeconomics
Unit 3 - cost functions part 3
From playlist Courses and Series
MIT 14.01 Principles of Microeconomics, Fall 2018 Instructor: Prof. Jonathan Gruber View the complete course: https://ocw.mit.edu/14-01F18 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62oJSoqb4Rf-vZMGUBe59G- This lecture covers the topics of perfect competition, shor
From playlist MIT 14.01 Principles of Microeconomics, Fall 2018
Unit 3 - supply functions part 1
From playlist Courses and Series
Ex 1: Cost Function Applications - Marginal Cost, Average Cost, Minimum Average Cost
This video explains how several application of the cost function including total cost, marginal cost, average cost, and minimum average cost. The total cost function is a quadratic function. Site: http://mathispower4u.com
From playlist Applications of Differentiation – Maximum/Minimum/Optimization Problems
9. Supply and Demand & Consumer/Producer Surplus
MIT 14.01 Principles of Microeconomics, Fall 2018 Instructor: Prof. Jonathan Gruber View the complete course: https://ocw.mit.edu/14-01F18 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62oJSoqb4Rf-vZMGUBe59G- This lecture covers supply and demand curves, consumer surp
From playlist MIT 14.01 Principles of Microeconomics, Fall 2018
Lec 14 | MIT 14.01SC Principles of Microeconomics
Lecture 14: Monopoly Instructor: Jon Gruber, 14.01 students View the complete course: http://ocw.mit.edu/14-01SCF10 License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu
From playlist MIT 14.01SC Principles of Microeconomics
Why parties to cartels cheat | Game theory and Nash equilibrium | Microeconomics | Khan Academy
Why duopolists would benefit to form a cartel and why it makes sense for them to cheat Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/nash-equilibrium-tutorial/cartels-cheat-tutorial/v/game-theory-of-cheating-firms?utm_source=YT&utm_medium=Desc&
From playlist Firm behavior and market structure | AP Microeconomics | Khan Academy
MIT 14.01 Principles of Microeconomics, Fall 2018 Instructor: Prof. Jonathan Gruber View the complete course: https://ocw.mit.edu/14-01F18 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62oJSoqb4Rf-vZMGUBe59G- This lecture continues the discussion about producer theory
From playlist MIT 14.01 Principles of Microeconomics, Fall 2018
Problem Set 5, Problem #4e-h | MIT 14.01SC Principles of Microeconomics
Problem Set 5, Problem #4e-h Instructor: Greg Hutko View the complete course: http://ocw.mit.edu/14-01SCF10 License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu
From playlist MIT 14.01SC Principles of Microeconomics
What do cost curves look like? Before we can discuss maximizing profits, it's necessary to understand costs. "Episode 23: Cost Curves" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
From playlist Microeconomics modules
Thank you for watching my econ videos. In an AP or introductory college microeconomic course you must draw, shift, and explain a bunch of graphs, including: supply and demand, perfect competition, monopoly, monopolistic competition, monopsony, externalities and more. In this video I explai
From playlist Micro Unit 6: Market Failure and the Government