course material

1. Review the concepts of fixed, variable, total, and average costs discussed
in th
Review the concepts of fixed, variable, total, and average costs discussed in the following
video.Short-Run Costs of ProductionLinks to an external site.
https://www.tutor2u.net/economics/reference/short-run-costs-of-productionAgain
consider the market you have chosen for your Real World Markets research paper.1.
Research and describe the fixed and variable costs of producing the good in that market.2. Is
there any recent news about production capacity constraints in that market?3. Describe the
events and cite the source.Can you find any other recent news about the costs of production
in that market? Be sure to cite the source.