Lump Sum and Per Unit

This Lump Sum and Per Unit video also includes:

What is the difference between a lump sum and per unit subsidy? Here, an economics instructor explains how these each affect cost curves, and more specifically marginal cost, by illustrating the concept on a whiteboard. 

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CCSS: Adaptable
Concepts

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Classroom Considerations

  • Appropriate for an advanced placement class
  • Learners should understand the concept and graph of marginal cost prior to beginning video
  • Best used as a model for your own instruction, or for providing learners as a resource for review
Pros

  • Also reviews concept of fixed versus variable costs
  • Similar to a teacher in a classroom, instructor illustrates concepts on the board as he moves through his instruction
Cons

  • None
Common Core