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This Lump Sum and Per Unit instructional video also includes:
What is the difference between a lump sum and per unit subsidy? Here, an economics instructor explains how these each affect cost curves, and more specifically marginal cost, by illustrating the concept on a whiteboard.
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CCSS:
Adaptable
Concepts
Additional Tags
Classroom Considerations
- Appropriate for an advanced placement class
- Learners should understand the concept and graph of marginal cost prior to beginning video
- Best used as a model for your own instruction, or for providing learners as a resource for review
- This video is hosted on YouTube
Pros
- Also reviews concept of fixed versus variable costs
- Similar to a teacher in a classroom, instructor illustrates concepts on the board as he moves through his instruction
Cons
- None