Short-Run Cost Curves (Part 2)- Micro Topic 3.2

Mr. Clifford introduces cost curves in economics, recapping fixed, variable, total, and marginal costs. He explains how to graph these costs and highlights the importance of per unit cost curves, such as marginal and average costs. The video demonstrates using graphs to calculate costs, providing examples and emphasizing the significance of marginal and average total costs.

What new insight or understanding did you gain from this video?

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