Y2 3) Marginal and Average Cost Curves (MC & AC)

[@econdojo]

it'd be helpful to also explain why MC passes through the min point of AC.

[@markasb7513]

how do you know exactly what i am studying right now? Must be the same powers that enable you to do this all in one take

[@stevenyang9682]

this video is really amazing. it makes everything much easier and clearer than a 1-hour lecture from uni

[@minecraftfunner]

The KING still helping me out at uni

[@rosahu8826]

omg when he said MC and AC were just MP and AP flipped 🤯🤯

[@onesmebikorimana7121]

thank you for sharing this video it real helped me for tomorrow class

[@shiinyan]

That is the best explanation i could find

[@chiragpatel898]

Thanks man... u did a great job...! Looking forward for many such. Regards!

[@Nikl0498]

That was awesome! Though I was a bit confused as you used the general formula for the Total or Average figure of something while in our module guide it was AC = TC / TP instead of Quantity.

[@tpainterx]

Great video mate thanks a lot really helping me out with my A levels 👍🏼

[@dubs1283]

How was it

[@oliverthorne9060]

howd it go

[@tpainterx]

@@oliverthorne9060 E

[@kartikeyaanand4999]

@@tpainterxfirst guy I’ve seen reply, but massive F

[@gordonsalive2818]

I stumbled across this video having studied economics years ago. Very well explained.

[@samuela775]

no cap dis guy a life saver

[@truchale9713]

You saved a life. Thank you so, so much.

[@deepthye.k5447]

Excellent presentation

[@FouziaMaryam-b7c]

how did he calculate marginal cost? i didnt understnd

[@thesolvers2752]

He calculated by using changing in total cost/change in quantity,for examplechange in total cost=10/ quantity (marginal product)4 we will get 2.5

[@xxxxxxy3374]

Could you please explain more about how AC is shaped based on the law of diminishing returns in words?

[@neelsinghvi9694]

AC starts increasing after its minimum point showing of law of diminishing returns

[@alexandraflynn1841]

Still dont get what happens when AC=MC, like why is AC intersecting MC when MC increases

[@austinwachira5185]

Thanks Dal! You're Legend!

[@brittanyjohnson2567]

thank you, your videos saved my presentation.

[@WiseWisdom141]

Ur voice resembles to that of former cricketer Michael Atherton ❤

[@zidanhussain8092]

It feels like this man has achieved nirvana.

[@jameshastie9702]

Thank you very much for this helpful video

[@j0sh.o676]

Bros fully carrying me through a level economics

[@KantanaHope]

I have really enjoyed and understood the Marginal revenue, total revenue curves but i do need another help on total utility and marginal utility curves please Am from uganda

[@boxeq4670]

thankyou again Dal!

[@lilianagyei]

You are the best 😊

[@samzo.3239]

Nice video👌🏽

[@pasindumadushan3048]

Thank you

[@Nimees13]

Loved the video🎉🎉🎉

[@shaludubey3725]

Thanks sir

[@melina.344]

What happens at that point where MC and AC intersect?

[@neelsinghvi9694]

Then soon it will be time for AC curve to rise 😁

[@arshsheikh9353]

beautiful video! kudos!

[@이여솔-u3j]

This is so helpful!

[@rishanrisha1989]

Why is it not possible to equalize the marginal and average return?

[@gamefulgamer4113]

Superb

[@cinthyaromero2899]

What about the intersection of mc and ac? What does it mean?

[@rampranavnavendran8330]

why is the last value for marginal costs given a "-", does that mean that it is non-existent?

[@clova1311]

Because marginal product is negative, you would be dividing by a negative number to get the marginal cost. This would give you a negative marginal cost which would not be accurate as this would imply you are saving money which is not the case. In other words the marginal cost is the extra cost of producing one more unit and as you physically are not producing an extra unit (you are producing 3 less) there is no marginal cost of producing extra units at this output because you are not able to produce extra units in the first place.

[@grahamp8823]

i know its 3 years too late to reply but since dividing anything by 0 results in 0. he has put down the “-” to show that the number is 0 or non existent

[@memunamush649]

please i want long run AC and MC

[@Sophia-fg2dq]

what do u mean

[@anamikadpillai2476]

Can any one tell me that the law of variable proportion and law of diminishing marginal product same. And what are different stages of law of diminishing marginal returns

[@yunethperera7467]

No big reason, just 2 different names for the same concept: they are used interchangeably.

[@sandyyoung1878]

I love you have my children

[@johnpiusnedumkallel]

Make it more easy for layman.

[@ayeshaparvez1884]

i love you

[@mahidertihtina4852]

👍🏽

[@kriteeshaoodhorah8995]

Heyy Can start a whatsapp channel ?