Explaining Diminishing Returns and Short Run Costs I A Level and IB Economics

​In this short revision video we go through the law of diminishing returns and explain the link between declining marginal productivity and rising short run marginal and average variable cost.

#aqaeconomics #ibeconomics #edexceleconomics

[Jellybeanisme]

Thank you so much for the video and the explanation, Mr. Riley.

[josephilipno]

Hi, how did u do the calculation in the table? The TO, MP & AP.

[avnvn]

I wonder how should you calculate the marginal cost when there is a negative return...

[thecouch]

Why does the average cost curve start to rise, I think its due to the law of diminishing returns, but why does this mean it rises?