Let's watch the following four videos to further clarify the new concepts
introduced in the reading. We start by reviewing the concepts of fixed
versus variable costs and then dive into a dynamic explanation of the
cost curves. And because we understand that all those diagrams can make
you dizzy, we have included a video on why it is crucial to grasp them
all.
Source: Mary J. McGlasson, https://www.youtube.com/watch?v=nQ5APwtB-ig, https://www.youtube.com/watch?v=UI-LL8-dVAs & https://www.youtube.com/watch?v=oj72z5kDZwo
This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 3.0 License.
Source: Khan Academy
This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 License.