Intermediate Microeconomics: Costs of Production

This video is a discussion of the costs of production: sunk costs, average and marginal costs, short-run and long-run costs, and economies of scale. It follows chapter 7 of the Goolsbee, Levitt, and Syverson text.
Dr. Azevedo
Department of Economics
University of Central Missouri

[@Eco-zaki]

Thank you very much. Your explanation is better than the one of my lecturer.

[@DrAzevedoEcon]

You're welcome! Glad to help!

[@tomasferreira1473]

Amazing, thank you so much for your help!

[@DrAzevedoEcon]

You're welcome!

[@hafenihangula2270]

I really like your lecturing Dr A✊.

[@DrAzevedoEcon]

Thank you!

[@princezidan3228]

Thank you Doctor.

[@DrAzevedoEcon]

You're welcome!

[@Havefun5538]

🎉I can now understand

[@DrAzevedoEcon]

Great! Glad I could help!