Long-run Average Total Cost and Economies of Scale

[@robbyjones8906]

Jason Walker you're the man, going to make me pass my Econ exam worth 30%, thank you for doing what my econ teacher could never do... teach me

[@Bentami]

I like you Mr. Welker, nice concise explanations. My $100+ textbook cant explain it at all. I always end up back here where your explanations instantly click.

[@Team4640]

you are the best jason walker!!

[@daryagholami9725]

this topic was perfectly clarified for me thank you Mr Welker

[@enragedenglish]

Wow that was such a good clear explanation. THankyou so much!

[@freddyflores6608]

Great work, you know when someone has expertise in its field.

[@szhaloyu]

Thank you so much! This cleared all my doubts on LATC

[@anupamagopinathan2507]

You are amazing. Thank you for this especially for the historical example!!!

[@amirestebari1470]

Wow..I had a lot of difficulty understanding Long-run ATC before watching your video. But now, it is super clear for me. Thank you!

[@nitikadesai7976]

Thank you, the video is as awesome as you are

[@evangelisttbere]

A great teacher. i was struggling

[@amandagezahegne7038]

you are awesome!!!!!!

[@waqasahmad6111]

Thanks for lucidity of this topic. Thank you very much again

[@vinayak186f3]

One word - AWESOME🔥🔥🔥🔥🔥 , Thoroughly enjoyed the lecture , thank you 👍

[@akankshagupta5494]

thank you Jason :)

[@sumanthadlagatta]

very much thanks to the jason I understood very well about this topic after listening to this video

[@021aminul]

Damnn!! You're so awesome!! Thank u so much❤️

[@iffahsamsir4396]

Omg youre a life saver ! Thankyou so much 🙆‍♀️🙆‍♀️🙆‍♀️🙆‍♀️🙆‍♀️🙆‍♀️🙆‍♀️

[@medobahri6177]

thank you very much this will help me pass my exam

[@keotshepilemandona9882]

wow with your videos i understand better ..because once i using a textbook it took 2 hours to cover this work ..but noe am good

[@abdimajidogle9439]

Thanks you jason

[@cahi8501]

Me welker, you're really good.

[@skyzoom2488]

Great.

[@saimakhalid8076]

every time when I watch ur videos jason to clear all of my concepts the starting song always force my children to dance...

[@realdvgarg]

I hope my IB Econ paper is marked by you (if you're an IB Examiner) because I'll know it's in the right hands.

[@sphelelesanga569]

thank you very much!

[@AnaGraceSaab]

jason, i do appreciate most of your videos but i need to clarify something, base on the above video, economies of scale/diseconomies follows increasing returns to scale/decreasing returns to scale?as i've known, the former measures cost and output and the later relates inputs to output.

[@saimakhalid8076]

hello Jason thanks for ur response.I am preparing for a competitive exam and I need ur help to clear my concepts.can u please explain the revealed preference theory in detail through a video.

[@kahlonladhamunda3589]

God bless you professor,you are great .

[@SaggRonn]

veryyy helpfull indeed! i dont even feel the need to go to classes anymore! LOL

[@saimakhalid8076]

Jason tell me what is actually the average cost? theoretically

[@JasonWelker]

It is, actually, the per unit cost of production.

[@edwardwills1137]

what is the song at the start

[@Tamara1465]

+Edward Wills It's making me nervous by brad sucks

[@scdgjilh]

10/10

[@000grga000]

The video is pretty good,but in my book (Pindyick & Rubinfield) they explained that: Inreasing returns to scale-output more than doubles when the quantities of all inputs are doubled Economies of Scale-a doubling of output requires less than a doubling of cost It's not the same

[@naimamuhammad9830]

Helpful but you're quite fast..

[@余伟诚-h7j]

why the average cost goes on decreasing when the average product goes on increasing?

[@milbxbycol9426]

My econ teacher is shit, this one is the shit.