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Marginal costs explained

  • Posted by Karl Deeter on 24 November 2008 - Leave a Comment - Printer Friendly Version

    • In Economics there is the idea of ‘costs’ of doing something, the cost creating a certain number of widgets is generally the ‘average cost’, additional units of production are created at ‘marginal cost’. This video is a simple one that aims to explain this using apples as the example of benefits/costs. etc. enjoy!

    Filed under: economics - [Trackback] - Top Of Page

    3 Responses to “Marginal costs explained”

    1. southofdub Says:
      November 24th, 2008 at 8:04 pm

      The Video does not play for me (I use firefox).
      Even if I click through to youtube the video stops after a couple of seconds.
      I have seen the same thing happen on the Housing panic blog.
      No idea what the problem is though.

    2. Dotcommunism Says:
      November 26th, 2008 at 11:49 am

      southofdub: You should ask someone in IT and not a mortguage broker how to fix your youtube and firefox explorer

    3. Karl Deeter Says:
      November 26th, 2008 at 12:05 pm

      south of dub: i’m pure ff too but its working for me? tried it from home too and it was fine (just in case it was an IP thing), try opera maybe - can’t say its so good that ya might risk using ie! ;-)

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