A2 M3 Lesson 4 Marginal Cost Curve

1. Review: dice and 1) short run 2) long run 3) fixed costs 4) variable costs 5) total costs 6) average cost
2. Use Krugman to formulise explanation of AC curve
3. Marginality - use PPP to explain https://mail.google.com/mail/?shva=1#inbox/126d0d2ce574262a

4. Activity - Ss measure each other 1 by 1 and plot out average, marginal tables (remember tells us about addition to total)
5. Try to elict rules about relationship btw marginal and average
6. Plot (get graph paper), using flower data, and total fixed costs of 10
• average cost curve
• marginal cost curve
7. If time, curve drawing competition