Perfect Competition Example Problems: Algebra Based Solutions

This video shows how to solve for profit-maximizing price, quantity, and profit for a perfectly competitive firm using seven example problems.
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[@motunrayosowunmi7858]

OMGG...I'm so glad I found this page. It was explained so well and in detail while also showing various ways to solve a question. I'm definitely going to keep coming back here. Kindly, upload more videos on complex questions on market structure and also, other economic topics.

[@AimaOj.]

I found this super helpful. Thanks!

[@sahilkatoch4588]

Well explained... Upload more of such questions on market structure

[@christinebrun7828]

Great video! Thank you!

[@mubianamutale6607]

Awesome I think it would be better if you did more of such👌

[@anushkadas2717]

It is super helpful!...Thank u...need more such excellent content.

[@zara4529]

THANKS! it helps me a lot.

[@nalikenalikando1413]

Excellent explanation...Very helpful 🙏

[@ShaileshKumarPandey11]

Very helpful and informative

[@santiagorojaso]

Thank you so much!!

[@education7457]

Wow ✌️ very nice explanation many thanks

[@Mudenda_M]

You're the best !!!

[@SureshKumar-mh2yn]

Wao nice lecture Sir Thank you so much 🙏😊.

[@gihansandeepa9403]

thanks a lot.

[@rubyjane3063]

very helpful

[@oyungrwothjeraline632]

Thanks allot

[@ukvick]

Nice one, But instead of saying the slope of 12Q is 12 why not say, Differenciate or take the 1st Derivative of TR to get MR incase someone is not good at economietrics to understand slopes

[@onnotube.bangla]

Thank you so much♥

[@EconomicsinManyLessons]

You are very welcome!

[@kuroe10]

1000x very much thank you

[@EconomicsinManyLessons]

You are welcome! Thank you for watching!

[@sophiaisa5974]

Thanks so much

[@EconomicsinManyLessons]

You are welcome!

[@chatgwani]

Why is the derivative of 0.125Q^2 0.25q instead of 0.125q? Or does it mean same thing?

[@EconomicsinManyLessons]

The exponent comes down in front, so you get 2 x 0.125Q^(2 - 1), and you need to subract one from the exponent to get 0.25Q.

[@vugiabaonguyen4660]

why does at 9:32 profit = (P - AC) x q???

[@arjanbaraku6281]

What does MC=0.5Q mean???

[@emmanuelniyodusenga758]

❤

[@chandrayeemalakar2232]

too basic sums.. these kinds do not come on tests

[@sunnymann9639]

It is to grasp the main concept of these videos. You need to improve your algebra skills not his fault.