New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

ECON 201 Chapter 13 Part 2 Notes

by: Kathryn Catton

ECON 201 Chapter 13 Part 2 Notes ECON 2010

Marketplace > Economcs > ECON 2010 > ECON 201 Chapter 13 Part 2 Notes
Kathryn Catton

Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

These notes cover the second part of chapter 13 and the curves for the unit costs.
Principles of Economics: Microeconomics
Dr. Zegeye
Class Notes
25 ?




Popular in Principles of Economics: Microeconomics

Popular in Economcs

This 2 page Class Notes was uploaded by Kathryn Catton on Thursday April 7, 2016. The Class Notes belongs to ECON 2010 at a university taught by Dr. Zegeye in Winter 2016. Since its upload, it has received 30 views.


Reviews for ECON 201 Chapter 13 Part 2 Notes


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 04/07/16
Unit Costs and their graphs: AFC= TFC/Q, This is spreading costs over units produced (pricing purposes) AVC= TVC/Q or can be simplified to be VC times Wage/ Q or further to Wage/Average Product of Labor ATC= TC/Q or further to AFC + AVC. Cost per unit to produce, finds price. MC= (additional cost by increasing production by _ units) Change in Total Variable Cost/ Change in Quantity Change in Labor times Wage/ Change in Quantity OR W/MPL  AVC  When MC < AVC, AVC decreases.  MC = AVC @ RED DOT  MC > AVC above red dot, AVC increases  Red Point is minimum point for AVC  ATC  When MC < ATC, left of ORANGE DOT, ATC decreases  MC = ATC @ ORANGE DOT  MC > ATC, above orange dot, ATC increases  Orange Point is minimum point for ATC Relationship between APL/MPL and AVC/MC: They are mirror images of each other. They have inverse relationships with one another. Whenever MPL increases, MC is decreasing. When comparing both charts you can notice the directions each curves go in relation to the opposite graph. Rectangular Hyperbola= Q decreases, AFC increases Division of labor, specialization (W/APL)


Buy Material

Are you sure you want to buy this material for

25 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Bentley McCaw University of Florida

"I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"

Kyle Maynard Purdue

"When you're taking detailed notes and trying to help everyone else out in the class, it really helps you learn and understand the I made $280 on my first study guide!"

Steve Martinelli UC Los Angeles

"There's no way I would have passed my Organic Chemistry class this semester without the notes and study guides I got from StudySoup."


"Their 'Elite Notetakers' are making over $1,200/month in sales by creating high quality content that helps their classmates in a time of need."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.