https://gdpark.blog/tags/cost-curves/Recent content in Cost Curves on gdpark.blogHugoenThu, 21 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-36-total-cost-marginal-cost-and-average-cost/Wed, 20 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-36-total-cost-marginal-cost-and-average-cost/Wait, cost curves again?! Nope — this time we’re plotting minimum TC against Q, then eyeballing derivatives to build the marginal and average cost curves from scratch.https://gdpark.blog/posts/microeconomics-39-short-run-total-average-and-marginal-cost-curves-stc-sac-smc/Thu, 21 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-39-short-run-total-average-and-marginal-cost-curves-stc-sac-smc/We flip from long-run to short-run, lock K down as a constant, and split total cost into TFC + TVC to build the STC curve — which, unlike long-run TC, doesn’t pass through (0,0)!https://gdpark.blog/posts/microeconomics-40-graphing-ac-mc-sac-and-smc-together/Thu, 21 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-40-graphing-ac-mc-sac-and-smc-together/We finally plot AC, MC, SAC, and SMC all on one graph and trace exactly how they intersect and relate as capital K gets pinned at different levels — it all snaps into place!https://gdpark.blog/posts/microeconomics-41-average-variable-cost-and-average-fixed-cost-avc-afc/Thu, 21 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-41-average-variable-cost-and-average-fixed-cost-avc-afc/Breaking STC into FC + VC, then dividing by Q, shows SAC decomposes neatly into AFC + AVC — and why SMC passes through the minimum of AVC too.