Topic Videos

Short Run Marginal & Average Cost Explained

Level:
AS, A Level, IB, BTEC National, BTEC Tech Award
Board:
AQA, Edexcel, OCR, IB, Eduqas, WJEC

Last updated 25 Sept 2019

In this video we look at the important mathematical relationship between marginal cost and average cost for a business in the short run production time frame.

Short Run Marginal & Average Cost Explained

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