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Keyword: TC

Cost Glossary - Notes (2/8/2013)

A glossary of terms in short-run production and cost

Keywords: 1/MP, AFC, ATC, AVC, inflection point, MC, MP, TC, TFC, TO, TVC, TVI, variable input

Marginal Cost and Average Total Cost (11/2/2011)

Marginal cost and average total cost can be derived from the short-run total cost subject to the law of diminishing returns.

Keywords: ATC, average total cost, law of diminishing returns, marginal cost, MC, TC, total cost

Marginal Cost and Average Total Cost (transcript) (1/29/2012)

Marginal cost and average total cost can be derived from the short-run total cost subject to the law of diminishing returns.

Keywords: ATC, average total cost, law of diminishing returns, marginal cost, MC, TC, total cost