Marginal cost, average variable cost, and average total cost | APⓇ Microeconomics | Khan Academy

In this video we calculate the costs of producing a good, including fixed costs, variable costs, marginal cost, average variable cost, average fixed cost, and average total cost.

AP(R) Microeconomics on Khan Academy: Microeconomics is the study of individual decisionmakers in an economy, such as people, households, and firms. Learn how markets work, how incentives drive decisionmaking, and how market structure influences market outcomes. We hit the traditional topics from an AP Microeconomics course, including basic economic concepts, markets, production and costs, profit maximization perfect competition, imperfectly competitive market structures, game theory, factor markets, and income inequality.

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