Lec 6: Costs

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MIT 14.01 Principles of Microeconomics, Fall 2023 Instructor: Prof. Jonathan Gruber View the complete course: https://ocw.mit.edu/14-01F23 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP60V7HxLYRaJMbFzP77bzEjb In this lecture, Prof. Gruber continues to talk about producer theory and where the supply curve comes from. Topics include short-run cost curves, short-run vs. long-run, long-run costs, and measuring costs. Keywords: producer, production, supply curve, short run, long run, costs License: Creative Commons BY-NC-SA More information at https://ocw.mit.edu/terms More courses at https://ocw.mit.edu Support OCW at http://ow.ly/a1If50zVRlQ We encourage constructive comments and discussion on OCW’s YouTube and other social media channels. Personal attacks, hate speech, trolling, and inappropriate comments are not allowed and may be removed. More details at https://ocw.mit.edu/comments.

Published 2025-04-02 · Watch on YouTube ↗
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