Average and Marginal Costs using Diagrams

This class will demonstrate the relationship between total average and marginal in the study of economics. In many textbooks and many classes students are given geometric shapes without explanation, we do not do this. We will explain the relationship between marginal, average, and total, e.g. total revenue, average revenue, and total revenue, likewise for costs.
The purpose of the video is to demonstrate to the student why diagrams look like they do. Students will not be expected to reproduce the contents of this video. However, students will be expected to know the relationship between the three measures, marginal, average, and total.

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