Eco-Cook | Level 4 πŸ“š
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The channel is targeted for level 4 Economics and its pathways and Finance students. βœ…

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By @Exam_Cook πŸ’™
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Seminar 4 Solved.pdf
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Todays analysis βœ”οΈ

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Recording of Webinar 4

#Exploring_Economics

πŸ™‚ 4th Topic: Lecture slides and Seminar questions analyzed βœ…

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#Exploring_Economics

πŸ™‚ 5th Topic: Lecture slides and Seminar questions analyzed βœ…

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Topic 6!
Long vs Short run for Production


Long run -> to produce Q we increase both Labor and Kapital

Short run -> to produce the same Q we can increase only Labor
Topic 6 - seminar questions:
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Economic cost: Explicit (monetary) cost + opportunity cost (using for other alternatives)
Marginal Cost = w/MPl
MC>AVC -> AVC rising

MC<AVC -> AVC decreasing

MC=AVC -> AVC minimum
Accounting and Economic costs
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Recording of Webinar 6

#Exploring_Economics

πŸ™‚ 6th Topic: Lecture slides and Seminar questions analyzed βœ…

π‘Ύπ’Šπ’•π’‰ π’ƒπ’Šπ’ˆ 𝒉𝒆𝒂𝒓𝒕,
π‘΄π’–π’”π’π’Šπ’Žπ’‚ π‘°π’Œπ’“π’π’Žπ’π’—π’‚
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