Day 6 | Micro economics | Cost | Chapter 6 | One Shot

[@ADEDLOOP]

00:06 Today’s revision focuses on the critical topic of Cost in microeconomics. 01:06 Understanding the interconnections of production, cost, and revenue. 02:46 Understanding explicit and implicit costs in economics. 03:38 Understanding explicit and self-supplied costs in economics. 05:11 Understanding costs in microeconomics: explicit and implicit. 05:58 Understanding explicit and implicit costs in microeconomics. 07:21 Understanding cost functions in relation to output production. 08:06 Understanding Opportunity Cost in Decision Making 09:42 Understanding short-run and long-run costs in economics. 10:27 Short run costs include fixed and variable costs. 12:03 Understanding variable and fixed costs in production. 12:57 Understanding total cost calculation in microeconomics. 14:57 Fixed costs do not start from zero and remain constant regardless of output. 15:44 Total Fixed Cost remains constant at all output levels. 17:14 Understanding fixed and variable costs in economics. 18:18 Total variable cost increases with higher output levels. 20:26 Cost depends on production levels and varies with output. 21:15 Understanding total cost through fixed and variable components. 22:58 Understanding the inversely S-shaped curve of variable costs. 23:43 Cost increases with growth due to diminishing returns. 25:03 Understanding cost curves in microeconomics. 25:49 Total cost and total variable cost remain parallel due to fixed cost. 27:24 Understanding the behavior of total variable and fixed costs in microeconomics. 28:03 Understanding variable factors in economics and their relationship representation. 29:42 Understanding Average Cost in Economics 30:46 Increasing production lowers average fixed cost per unit. 32:27 Understanding total cost through fixed and variable components. 33:23 Understanding Average Fixed Cost in Production 35:38 Area under the curve remains constant despite changes in output. 36:28 Understanding average fixed cost reduction with increasing unit production. 37:59 Understanding Average Variable Cost in Production 39:00 Average Variable Cost Curve is U-shaped with three phases. 41:00 Understanding average total cost calculation in economics. 41:51 Understanding average fixed and variable costs in microeconomics. 43:36 Understanding the Average Total Cost Curve in Microeconomics 44:26 Understanding the relationship between different cost curves in microeconomics. 46:32 Understanding shapes of average cost curves in economics. 47:17 Average fixed costs decline but never reach zero. 48:47 AC reaches its minimum point before decreasing further. 49:39 Understanding the relationship between AC and AVC in cost analysis. 51:30 Understanding marginal cost and total cost calculation. 52:57 Understanding Marginal Cost calculation methods. 55:03 Marginal cost follows a Y-shaped curve with three phases. 55:45 Explains relationships between Average Cost and Marginal Cost. 57:53 Understanding average and marginal cost curves. 58:41 Understanding the relationship between marginal cost and minimum costs. 1:00:14 Understanding the relationship between Average Cost and Marginal Cost. 1:01:09 Understanding the relationship between Marginal Cost (MC) and Average Cost (AC). 1:02:35 Understanding the relationship between Total Variable Cost and Marginal Cost. 1:03:19 Understanding the relationship between marginal cost and total variable cost. Crafted by ADEDLOOP......

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Kal exam h wish me luck 🤞

[@aayushipandey7870]

All the very best ... Jao aur phod ke aao aur rajat sir ka naam raushan karke aao 😊

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🤸

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Day 6 👍✅😊

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Day 6 Thank you!!!😍

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Day-6 Done❤

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Hi

[@shashigupta8717]

Sir you have helped me alot. In my half yearly exams I had scored 92% . You have made Easy to understand the concept. Even my school teachers have appreciated me for it. And tomorrow Is my economics exams I hope I will do good! . Just need your bessings. And now I m not on active on Instagram because of exams but when my results will be out I will definitely dm you sir. 🧡

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DAY 6 DONE ✅👍

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1:03:49 relationship between MC and TFC ??

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Day 6 🎉

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Day 6✅

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4:46 4:47

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❤

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