Theory of Cost-UGC Net/JRF, Types, Short run cost, LAC, Relation of MC & AC, Why AC & LAC in U shape

This video describes about Theory of Cost for UGC Net/JRF Economics, Unit-1. In this we learn about:
Meaning and types of cost
Short run cost curves
TFC,TVC,TC,AFC,AVC,AC,MC
Why short run AC curve is in U shape?
Relation between MC and AC
Long run average cost curve
Why long run AC is in U shape?
#economics
#ugcnet #jrf #theoryofcost #meaning #types #longrunaveragecostcurve #shortruncostcurve #whylongrunacisinushape

[@ZachiChiru]

So simplified and understandable. Appreciate your hard work madam❤

[@MiniSethi10]

Thanks a lot 😊

[@Jesuslovesyou884]

Your explanation or great mam

[@MiniSethi10]

Thank you so much😊

[@Ckn_january]

Very good explanation❤❤

[@MiniSethi10]

Thank you so much😊

[@shanvishreya4933]

Thank you ma'am 🙏🏽

[@MiniSethi10]

Most welcome😊

[@p7dm385]

❤❤❤❤❤❤

[@MiniSethi10]

Thank you so much😊