Topic Videos
Short Run Marginal & Average Cost Explained
- Level:
- AS, A-Level, IB, BTEC National, BTEC Tech Award
- Board:
- AQA, Edexcel, OCR, IB, Eduqas, WJEC
Last updated 25 Sept 2019
In this video we look at the important mathematical relationship between marginal cost and average cost for a business in the short run production time frame.
You might also like
Marginal Profit
Topic Videos
Free lunch? What if electricity was free?
26th January 2018
Profits and Changes in Fixed Costs
Topic Videos
Theory of the Firm - Explaining Variable Costs
Topic Videos
In Economics - what is thinking at the margin?
2nd August 2023
3.3.2 Marginal Cost (Edexcel A-Level Economics Teaching PowerPoint)
Teaching PowerPoints