Title: Costs of Production & The Shutdown Decision (Audio Q&A)
Course: Alabama Economics Sample Syllabus > Section: Unit 7: Market Structures

Description: “There’s no such thing as a free lunch.” Maybe you’ve heard that before. Or you’ve even said it. If so, you probably know it means that everything has a cost. Businesses are especially aware of costs because costs affect profits, and without profits a business might not survive. This episode of The Economic Lowdown series describes how businesses consider costs when making decisions – including about whether to shut down.

Estimated Completion Time: 15 minutes