1. A firm's Long Run average cost curve

A short description and depiction of a Long Run Average Cost Curve. [Details...]

2. Average Cost

This tutorial discusses average cost, gives some typical uses of the average cost concept, and shows the distinction between average cost and marginal cost. [Details...]

3. Comparative Advantage

The linear production possibilities frontier is shown to be a restraint/constraint and, it explains scarcity and quantitatively defines opportunity cost. The model assumes there are two goods, a fixed resource endowment and a known level of technological expertise in production. [Details...]

4. Cost Concepts

This tutorial introduces economics concepts of total cost, fixed cost, variable cost, and marginal cost. [Details...]

5. Cost Concepts

This tutorial introduces economics concepts of total cost, fixed cost, variable cost, and marginal cost. Firms use these cost concepts for pricing and output decisions. These concepts form the basis for much of cost accounting. [Details...]

6. Cost Function

Click on a point on the total cost function to see more about how to visualize and quantify unit costs (AC and MC) from the total cost function. [Details...]

7. Cost Functions

Click on Lesson 2. This site explains Average fixed costs and average variable costs through graphical illustrations and movies showing the transformations.This tutorial is designed to teach about a very important part of Principles of Microeconomics, the cost functions! These functions are designed to help students understand the costs of production from different perspectives:; cost per unit versus total cost; explicit vs. implicit cost; deriving fixed, variable and total cost per unit; deriving average fixed, average variable and average total cost per unit; understanding and creating graphs for all the cost curves. [Details...]

8. Economics General - Firms

Resources on firm theory and behavior, ranging from tutorials to sample questions and presentations. [Details...]

9. Economics General - Market failure

Extensive resources, from tutorials, to case studies, to worksheets, dealing with market failure, especially from a development perspective. [Details...]

10. Economics General - Markets

Listing of topics on demand, supply, prices, and markets, with available resources ranging from tutorials, articles, and case studies, to worksheets and sample problems. [Details...]

11. Lemonade Stand

This applet allows you to control all aspects of your Lemonade Stand, from pricing, to quality control, to purchasing your necessary inventory, all while dealing with unpredictable weather, picky customers, and inventory wastes. [Details...]

12. Marginal Cost and the Output Rate Under Competition

This tutorial shows how, in theory, a business firm in a competitive industry can use the marginal cost concept developed in the previous tutorial to decide how much to produce and sell. [Details...]

13. Marginal Cost and the Output Rate Under Competition

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14. Production Possibilities and Opportunity Cost

Explains the concept of opportunity cost through a graph of production possibilities. You are able to use various examples to create a graph of your own. [Details...]

15. Tutorial on Long-Run Production

Introductory discussion on long run production with interactive tutorials. [Details...]

16. Tutorial on Production Possibility Frontier

This page describes the concept of production possibility frontiers with interactive tutorials. [Details...]

17. Tutorial: A Producer Optimum

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18. Tutorial: Production Possibilities and the Opportunity Cost

Interactive tutorial on how changes in production conditions or opportunity costs shift the Production Possibility Frontier. [Details...]

19. Tutorial:Profit Maximisation

Discussion of the problem of Profit maximisation with interactive tutorials. [Details...]