Marginal Cost vs Average Cost Example - Economics 101

In this video I go through a useful example on marginal cost vs average costs and show how to apply the principle which I proved in my previous video that the average cost is minimum when average cost equals marginal cost.

Download the notes in my video: https://1drv.ms/b/s!As32ynv0LoaIiaUz3nixnkXZEi03aw?e=7bV7R5

View video notes on the Hive blockchain: https://peakd.com/hive-128780/@mes/marginal-cost-vs-average-cost-example-economics-101

Related Videos:

Marginal Cost vs Average Cost - Economics 101: http://youtu.be/HiMaLvsTstc
Marginal Costs - Economics 101: http://youtu.be/XS-1L6Iq4Wk
Local and Absolute Max/Min and Critical Points/Numbers: http://youtu.be/aOvwQaEFbjw
First Derivative Test Introduction and Examples: http://youtu.be/60UMYG7Ppeg
Second Derivative Test - A brief Introduction: http://youtu.be/lOwK5rQh0Kk
Derivative of y = x^n - Part 2: General Power Rule: http://youtu.be/Ibvu33oh49o .

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