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21. The Firm's Supply Curve from Marginal Cost

In this video, I use cost curves (MC, AVC, and AC) to demonstrate the theory behind a firm's supply curve. This video presents the standard theory behind the supply curve of a price-taking firm. The video is an application of the equimarginal principle (Lecture 18) and an application of cost curves (Lecture 20). For a list of videos and links to these videos (organized by topic), check out the Intromediate Microeconomics video web page: http://blog.thisyoungeconomist.com/p/learn-microeconomics.html
Length: 04:26

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