Calculation of FC, VC, TC, AFC, AVC, ATC, and MC

Step-by-step calculation of Total Cost, Fixed Cost, Variable Cost, Average Fixed Cost, Average Variable Cost, Average Total Cost, and Marginal Cost.
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📚 FUNDAMENTALS OF DEMAND AND SUPPLY
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⌚️ Timestamps:
0:00 - Intro
0:40 - FC, VC, TC - Formula and Relationship
2:52 - Fixed Cost (FC)
3:39 - Total Cost (TC) and Variable Cost (VC)
7:57 - Average Fixed Cost (AFC)
12:32 - Average Variable Cost (AVC)
16:41 - Average Total Cost (ATC)
22:12 - Marginal Cost (MC)
32:00 - Outro
WHO AM I?
Hey there, 👋 I'm Musa. I recently just finished my Masters Program in Economics at Eastern Mediterranean University. I graduated (in February 2024) with a 4.00/4.00 CGPA.
My Thesis topic is: "The Impact of Government Expenditure on Economic Growth and Inflation Rate in Nigeria." The data used were from the year 1981 to 2022, (42 years). The Methodology was ADF-Test, ARDL/ARDL Bounds Test, and Granger Causality Test. If you are interested in reading about my Thesis, you can download it for free by clicking this link: www.musanectar.com/thesis
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[@octaviaburns1960]

I want to thank you for breaking down these concepts so well, young man. I'm in the middle of taking Intermediate Economics and I have an exam in the morning. The content you presented was so simple, relatable and easy. Thank because this will definitely help and will be applied!!

[@athiliahuda0108]

Thank you very much. Easy to understand!

[@user-gs7gd4eo8u]

very helpful. and clear on teaching the concept.

[@user-ox1gf4fo6b]

Thanks you. your video is very well explained

[@faithshiro5018]

VERY HELPFUL, BE BLESSED

[@moon_jimiin]

Thank you so much, I have been so confused by these, I really appreciate you 🙏🏻

[@musanectar]

Glad it was helpful!

[@agnesokwei9988]

Very helpful

[@user-rp8on2oi2g]

Thank you veery much!!!!

[@adoniasama4363]

Thankyou

[@SHADRACK-fd1cz]

Thanku you sir,, your vedio help me alot,, well explain,, polepole tu hope everybody understand very well. God bless you🎉🎉🎉

[@musanectar]

You're welcome. Thanks for the kind words.

[@dilinisakunthala8446]

Thank you so much... from 🇱🇰

[@musanectar]

You're welcome.

[@prashantnayak9535]

Fantastic, the concepts are clear

[@musanectar]

Glad to hear that!

[@odumaryjane4196]

How do we find the vc if the fc and tc is unknown

[@diveshrookmin173]

How to Calculate the wage rate per day

[@gideongh4533]

May God bless you sir

[@musanectar]

Thank you. And you too.

[@lauma-sj3ql]

Thank you very much

[@musanectar]

You're welcome. 🤗

[@lauma-sj3ql]

@@musanectar ❤️

[@user-vk7dp4qi4z]

I there I'm from Papua New Guinea. Can you please help explain production possibility curve for me.

[@musanectar]

It may take a while before I create a video on that topic, but definitely it's on the list.

[@user-vk7dp4qi4z]

Ok thankyou very much

[@user-vk7dp4qi4z]

Thankyou very much😊

[@musanectar]

You're most welcome! 😊

[@stantwiceforabetterlife1169]

how do you find vc or tc if the only given is fc?

[@musanectar]

VC = TC - FC or VC = AVC * Q TC = FC + VC or TC = ATC * Q

[@jadenperkins4217]

How do you find tc ,Vc, or fc when given nothing @ 0