Title

(4) The Marginal Cost Curve as the Firm's Supply Curve

Topic Category

Perfect Competition

Publication Date

2011

Keywords

Marginal Cost, Supply Curve

Abstract

This demonstrates the the Marginal Cost Curve for a Perfectly Competitive firm is its Marginal Cost Curve.

Run Time

2:39

Primary Discipline

Microeconomics

Skills Delivered

Ability to explain why the Perfectly Competitive firm's Marginal Cost Curve is its supply curve. Ability to derive the firm's supply curve given its cost functions.

Rigor Level

2000

Prerequisites

Previous Perfect Competition and Short Run Cost Videos



Share

COinS