Chapter 13

I rate chapter 13 a 2 out of 3 because there were all the different graphs and how they worked together which made the chapter quite confusing. Chapter 13 was about the different costs of production. There were 4 total cost curves and all of them had their own features and shapes. There is the average total cost curve that takes into account both variable costs and fixed costs. Fixed costs are things that don't change because of quantity and the variable costs change as quantity changes. and then the only linear line was Marginal Cost. That graph gave me a little trouble. I understand the equation to determine it but I don't understand why its the only graph with a linear shape. I also marginal product was hard to understand for me. Other than that I understood everything, it was a detailed breakdown of the supply curve.