Fixed and Variable Costs
Completion requirements
Let's watch the following four videos to further clarify the new concepts
introduced in the reading. We start by reviewing the concepts of fixed
versus variable costs and then dive into a dynamic explanation of the
cost curves. And because we understand that all those diagrams can make
you dizzy, we have included a video on why it is crucial to grasp them
all.
- Video 1: Episode 22: Fixed and Variable Costs
- Video 2: Episode 23: Cost Curves
- Video 3: Episode 24: Do we really need all those diagrams?
- Video 4: Visualizing Average Costs and Marginal Costs as Slope
Source: Mary J. McGlasson, https://www.youtube.com/watch?v=nQ5APwtB-ig, https://www.youtube.com/watch?v=UI-LL8-dVAs & https://www.youtube.com/watch?v=oj72z5kDZwo
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.
Source: Khan Academy
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License.
Last modified: Monday, 10 March 2025, 11:09 AM