What is the concept of a cost curve, and how are they used? Watch as this instructor demonstrates and explains marginal cost curve, average total cost, average variable cost, and average fixed cost.

Additional Tags

cost curves, average fixed costs, social studies

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Instructional Ideas

• Include video on class website as part of a bank of flipped classroom/review resources
• Check out the Bonus Round portion of the video for instruction you can model to your own class

Classroom Considerations

• Instructor moves quickly through material, so resource may be best used as a review

• This video is hosted on YouTube

Common Core

RH.11-12.1 RH.11-12.2 RH.11-12.4