Short-Run Costs (Part 1)- Micro Topic 3.2
5:17
YouTubeJacob Clifford
Short-Run Costs (Part 1)- Micro Topic 3.2
In this video I explain the costs of production including fixed costs, variable costs, total cost, and marginal cost. Make sure that you know how to calculat...
2.7M viewsOct 3, 2014
Cost Curve Explained
Someone has had a very expensive learning curve this month!! They said they didn't need an examination on their vehicle lift, even after we explained they are required. After a very near miss thankfully only the car was written off and no injury occurred. Unfortunately for the garage, their insurance didn't pay out and an investigation ensued. LOLER examinations on lifting equipment are a legal requirement, a bit like the MOT for your car, ironically, A bad attitude towards law and safety has co
Someone has had a very expensive learning curve this month!! They said they didn't need an examination on their vehicle lift, even after we explained they are required. After a very near miss thankfully only the car was written off and no injury occurred. Unfortunately for the garage, their insurance didn't pay out and an investigation ensued. LOLER examinations on lifting equipment are a legal requirement, a bit like the MOT for your car, ironically, A bad attitude towards law and safety has co
FacebookStamford Risk Management
222.3K views2 weeks ago
Key Diagrams - Average Fixed Cost Curve (AFC)
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Long Run Average Cost (LRAC)
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