Tap to unmute

Introduction to Pure Monopoly

  Рет қаралды 204,417

Jason Welker

Jason Welker

Күн бұрын

Пікірлер: 59
@IslandRose0912
@IslandRose0912 5 жыл бұрын
After going through a lot of video reviews about this topic, this is absolutely the explanation that I would need for class reports. The best explanation among the rest.
@kishangavindu
@kishangavindu Жыл бұрын
super sir... nicely explained.. Student from Sri Lanka
@letsdothis9728
@letsdothis9728 7 жыл бұрын
How Did you jus get (MC) and (ATC) out of nowhere?? I'm confused???
@truman5560
@truman5560 4 жыл бұрын
that is just made up data. the demand and marginal revenue also came from made up data, the made up data is just plotted into a chart. similarly you can make a chart with data in MC and ATC.
@Sean-tp1yc
@Sean-tp1yc 5 жыл бұрын
Thank you so much for the video! This is exactly what I am learning now and my course is in Italian. So this video is a life saver.
@billycaymann
@billycaymann 2 жыл бұрын
Much better than my lecturer explains.
@RaferJeffersonIII
@RaferJeffersonIII 4 жыл бұрын
That is a really good video. Thanks pal
@fombonakum5637
@fombonakum5637 4 жыл бұрын
Theory of the firm. Mr shumbe ..will never forget you when it comes to this topic not for getting daddy national income.
@raiymbekzharas
@raiymbekzharas 4 жыл бұрын
Thank you! It was a good lesson
@nusratfatimaabdoola2773
@nusratfatimaabdoola2773 11 жыл бұрын
Well explained!! Thank you.
@ClintCunningham80
@ClintCunningham80 10 жыл бұрын
Thank you for this, that was a great explanation, very easy to understand.
@modelitomandawe5908
@modelitomandawe5908 7 ай бұрын
Where do you get marginal cost and aberage total cost
@allybashiri6962
@allybashiri6962 9 жыл бұрын
thank you so much You are so perfect at making lectures keep it up I have really enjoyed it
@ManuelSteiner
@ManuelSteiner 8 жыл бұрын
+Ally Bashiri Check out my video on Pure Monopoly (for AP). It's clear and all you need to know!
@olivarez1996
@olivarez1996 9 жыл бұрын
Great Video! You just earned one more subscriber.
@RaferJeffersonIII
@RaferJeffersonIII 4 жыл бұрын
Ditto
@julienn5464
@julienn5464 7 жыл бұрын
This was awesome. better than my mirco teacher
@prankdude2428
@prankdude2428 6 жыл бұрын
Saved my 1 hour
@acsas5973
@acsas5973 4 жыл бұрын
This is very informative thank you
@johnaguilar7391
@johnaguilar7391 7 жыл бұрын
is this based from McConnell?
@PrinceKumar1994
@PrinceKumar1994 11 жыл бұрын
i like the intro music..
@nisarahmedmalik658
@nisarahmedmalik658 8 жыл бұрын
very good explanation
@jansasha2628
@jansasha2628 6 жыл бұрын
At: 9:50, What makes you draw the MC and ATC in chart that way?
@tahaezz2127
@tahaezz2127 3 жыл бұрын
Awesome thanks so much 😊
@javedalimohmand381
@javedalimohmand381 5 жыл бұрын
thank u for source of great learning point
@yifeiliu8561
@yifeiliu8561 8 жыл бұрын
Best explanation ever, helped me out of the chaos
@dataanalyst6756
@dataanalyst6756 5 жыл бұрын
MR curve is not right. MR is always inbetween 2 quantitys. For example between 1 and 2 The MR should be 40 but it isnt in the graph show
@amnamazharr
@amnamazharr 8 жыл бұрын
thank the lord for this..
@MultiCesman
@MultiCesman 11 жыл бұрын
wow clear and concise. thank you
@minminysy
@minminysy 10 жыл бұрын
Thank you so much for preparing this. The explanation is very clear, it helps me to have better understanding on this topic! :)
@mxolisizondo6023
@mxolisizondo6023 8 жыл бұрын
Thank you very much
@KnightsofMindset
@KnightsofMindset 9 жыл бұрын
Thank you! I FINALLY understood.😊
@StarCrossedWastland
@StarCrossedWastland 12 жыл бұрын
Thanks!
@luckymaharjan7911
@luckymaharjan7911 8 жыл бұрын
thank you very much sir
@olanashaat7135
@olanashaat7135 8 жыл бұрын
I understand the marginal cost curve and the average total cost curve each of them separately but when you draw it now I don't know how did you did that because you didn't do any calculations and you just draw them also my professor in class does this and I get lots every single time ! Can you please help me ?
@cuteglitterz
@cuteglitterz 8 жыл бұрын
Ola Nashaat usually you're supposed to plot them but I think for the sake of explaining they just draw it. Cause I have the same problem as you then was clarified
@JasonWelker
@JasonWelker 8 жыл бұрын
Hi Ola, you should watch my series of lessons on costs of production, notably the one on the relationships between a firm's short-run costs of production: kzbin.info/www/bejne/inqYnZWQp7qVr6M
@emergingschoolofeconomics2065
@emergingschoolofeconomics2065 3 жыл бұрын
kzbin.info/door/GAV9RO-qlgjTboIYVA-VEA
@ycallace
@ycallace 9 жыл бұрын
Wait, you could have drawn that MC and AVC line anywhere. Why did you choose it to intersect quantity demanded at 3 ?
@sopiahmohdnoh7377
@sopiahmohdnoh7377 9 жыл бұрын
ecalace since firms are trying to maximize profit,they will produce where MC=MR(in the early part)
@TwenOalley
@TwenOalley 8 жыл бұрын
Thank you so much for making this.
@ganeshkumar4163
@ganeshkumar4163 8 жыл бұрын
can you please explain more in detail what you mean "when a firm wishes to raise its price all it has to do is lower it output ".And please provide an example too if possible thanks
@ManuelSteiner
@ManuelSteiner 8 жыл бұрын
+Freaky filly Hi. Check out my video on Pure Monopoly (for AP). It's clear and all you need to know!
@ayushmaheshwari2630
@ayushmaheshwari2630 6 жыл бұрын
Idiot that is the law of demand
@khadijahamid6905
@khadijahamid6905 Жыл бұрын
thanks a lott
@matthewchina2755
@matthewchina2755 6 жыл бұрын
Another great vid, another question Mr. Welker: It's just coincidence that MC and ATC intersect at D, right? ATC went lower in the next video.
@tahafcb4040
@tahafcb4040 8 жыл бұрын
but why marginal cost curve started from point 20
@gregoryvandervinne4509
@gregoryvandervinne4509 10 жыл бұрын
adding costs to that table would be hugely helpful in understanding this rather than just drawing a mc curve that works nicely with the rest of the example. overall very helpful though
@Pozzicut
@Pozzicut 6 жыл бұрын
Thank you very helpful :)
@drallisimo34
@drallisimo34 9 жыл бұрын
cool!!!
@mouctarsylla7352
@mouctarsylla7352 4 жыл бұрын
10/10
@williamvalentinmunozlopez9858
@williamvalentinmunozlopez9858 4 жыл бұрын
this is better than Pete Navarro's
@jishachahar5304
@jishachahar5304 9 жыл бұрын
amazing! 0_0
@TheManchester31
@TheManchester31 11 жыл бұрын
9.5/10
@danilobucker
@danilobucker 11 жыл бұрын
I need legends because I'm brazilian.
Profit Maximization, Revenue Maximization and PED in Pure Monopoly
17:11
Chapter 15 - Monopoly
1:20:25
DrAzevedoEcon
Рет қаралды 81 М.
If people acted like cats 🙀😹 LeoNata family #shorts
00:22
LeoNata Family
Рет қаралды 44 МЛН
Мясо вегана? 🧐 @Whatthefshow
01:01
История одного вокалиста
Рет қаралды 7 МЛН
From Short-run to Long-run in Perfect Competition
21:23
Jason Welker
Рет қаралды 318 М.
Monopolistic Competition
20:31
Jason Welker
Рет қаралды 332 М.
Monopoly: How to Graph It
4:59
Kyle Purpura
Рет қаралды 382 М.
Y2 15) Monopoly
7:43
EconplusDal
Рет қаралды 339 М.
Monopoly in the Short Run & Long Run - Professor Ryan
12:03
Professor Ryan
Рет қаралды 18 М.
Maximizing Profit Under Monopoly
11:11
Marginal Revolution University
Рет қаралды 368 М.
Monopoly Graph Review and Practice- Micro Topic 4.2
5:35
Jacob Clifford
Рет қаралды 1,7 МЛН
Natural Monopoly and the need for Government Regulation
15:14
Jason Welker
Рет қаралды 117 М.