Short Run Costs of Production | Think Econ

In this video we explain the short run costs of production. This includes variable costs, fixed costs, total cost, and marginal cost. We also show you how to calculate the per unit costs: AVC, AFC, and ATC, as it is very important that you know these as a microeconomics student!

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[@owenthomas3621]

Very clear and easy-to-follow. Thank you!

[@ThinkEcon]

Glad you enjoyed :)

[@franb22]

Actually its pure logic!

[@paularyan2899]

this was very useful!!!! thank you

[@ThinkEcon]

Glad to hear it! You're very welcome :)

[@amidatukamara4383]

Impeccable explanation

[@ThinkEcon]

Thank you! I'm glad you found it helpful :)