{"id":331,"date":"2020-03-24T04:51:35","date_gmt":"2020-03-24T04:51:35","guid":{"rendered":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/chapter\/learning-outcome-marginal-average-and-total-cost\/"},"modified":"2023-05-22T19:21:00","modified_gmt":"2023-05-22T19:21:00","slug":"learning-outcome-marginal-average-and-total-cost","status":"publish","type":"chapter","link":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/chapter\/learning-outcome-marginal-average-and-total-cost\/","title":{"raw":"Outcome: Marginal, Average, and Total Cost","rendered":"Outcome: Marginal, Average, and Total Cost"},"content":{"raw":"<h2>What you'll learn to do: define and differentiate between marginal, average, and total cost; compute and graph marginal, average, and total cost<\/h2>\nIn this section, you'll&nbsp;see how firms look at marginal, average, and total costs curves to determine whether or not it is making a profit, or at least headed in that direction.\n\nThe specific things you\u2019ll learn to do in this section include:\n<ul>\n\t<li>Differentiate between variable and fixed costs<\/li>\n<\/ul>\n<h3>LEARNING ACTIVITIES<\/h3>\nThe learning activities for this section include:\n<ul>\n\t<li>Reading: Fixed and Variable Costs<\/li>\n\t<li>Reading: The Structure of Costs in the Short Run<\/li>\n\t<li>Self Check: Marginal, Average, and Total Cost<\/li>\n<\/ul>\nTake time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.","rendered":"<h2>What you&#8217;ll learn to do: define and differentiate between marginal, average, and total cost; compute and graph marginal, average, and total cost<\/h2>\n<p>In this section, you&#8217;ll&nbsp;see how firms look at marginal, average, and total costs curves to determine whether or not it is making a profit, or at least headed in that direction.<\/p>\n<p>The specific things you\u2019ll learn to do in this section include:<\/p>\n<ul>\n<li>Differentiate between variable and fixed costs<\/li>\n<\/ul>\n<h3>LEARNING ACTIVITIES<\/h3>\n<p>The learning activities for this section include:<\/p>\n<ul>\n<li>Reading: Fixed and Variable Costs<\/li>\n<li>Reading: The Structure of Costs in the Short Run<\/li>\n<li>Self Check: Marginal, Average, and Total Cost<\/li>\n<\/ul>\n<p>Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.<\/p>\n","protected":false},"author":32,"menu_order":9,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[],"contributor":[],"license":[],"class_list":["post-331","chapter","type-chapter","status-publish","hentry"],"part":314,"_links":{"self":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/331","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/users\/32"}],"version-history":[{"count":1,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/331\/revisions"}],"predecessor-version":[{"id":332,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/331\/revisions\/332"}],"part":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/parts\/314"}],"metadata":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapters\/331\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/media?parent=331"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/pressbooks\/v2\/chapter-type?post=331"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/contributor?post=331"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.ccconline.org\/accanderssenmicro\/wp-json\/wp\/v2\/license?post=331"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}