In this module, you have learned about different market structures and the different cost curves.

In paragraph form, explain the difference between Average Fixed Cost, Average variable Cost, Average Total Cost, Total cost and Marginal Cost. In your paragraph, add an example to illustrate ideas.

In paragraph form, explain the difference between Average Product and Marginal Product and add an example to illustrate your ideas.

In paragraph form, detail how you graph each of the curves, make sure to explain how each is determined and how it moves and the labels that are included in the graph.