(5.4) Costs, revenues, and profits

Introductory video about Oklahoma wheat

(5.4.a) Notes

(5.4.b) Videos

Video 1—Costs

Video 2—Profits

Video 3—Why we don't maximize yield?

Video 4—From Total costs to average costs (wheat price = $4 / bushel)

Video 5—What if price is $2.25?

Video 6—What if price is $1.75?