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 Жыл бұрын
super sir... nicely explained.. Student from Sri Lanka
@letsdothis97287 жыл бұрын
How Did you jus get (MC) and (ATC) out of nowhere?? I'm confused???
@truman55604 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-tp1yc5 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.
@billycaymann2 жыл бұрын
Much better than my lecturer explains.
@RaferJeffersonIII4 жыл бұрын
That is a really good video. Thanks pal
@fombonakum56374 жыл бұрын
Theory of the firm. Mr shumbe ..will never forget you when it comes to this topic not for getting daddy national income.
@raiymbekzharas4 жыл бұрын
Thank you! It was a good lesson
@nusratfatimaabdoola277311 жыл бұрын
Well explained!! Thank you.
@ClintCunningham8010 жыл бұрын
Thank you for this, that was a great explanation, very easy to understand.
@modelitomandawe59087 ай бұрын
Where do you get marginal cost and aberage total cost
@allybashiri69629 жыл бұрын
thank you so much You are so perfect at making lectures keep it up I have really enjoyed it
@ManuelSteiner8 жыл бұрын
+Ally Bashiri Check out my video on Pure Monopoly (for AP). It's clear and all you need to know!
@olivarez19969 жыл бұрын
Great Video! You just earned one more subscriber.
@RaferJeffersonIII4 жыл бұрын
Ditto
@julienn54647 жыл бұрын
This was awesome. better than my mirco teacher
@prankdude24286 жыл бұрын
Saved my 1 hour
@acsas59734 жыл бұрын
This is very informative thank you
@johnaguilar73917 жыл бұрын
is this based from McConnell?
@PrinceKumar199411 жыл бұрын
i like the intro music..
@nisarahmedmalik6588 жыл бұрын
very good explanation
@jansasha26286 жыл бұрын
At: 9:50, What makes you draw the MC and ATC in chart that way?
@tahaezz21273 жыл бұрын
Awesome thanks so much 😊
@javedalimohmand3815 жыл бұрын
thank u for source of great learning point
@yifeiliu85618 жыл бұрын
Best explanation ever, helped me out of the chaos
@dataanalyst67565 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
@amnamazharr8 жыл бұрын
thank the lord for this..
@MultiCesman11 жыл бұрын
wow clear and concise. thank you
@minminysy10 жыл бұрын
Thank you so much for preparing this. The explanation is very clear, it helps me to have better understanding on this topic! :)
@mxolisizondo60238 жыл бұрын
Thank you very much
@KnightsofMindset9 жыл бұрын
Thank you! I FINALLY understood.😊
@StarCrossedWastland12 жыл бұрын
Thanks!
@luckymaharjan79118 жыл бұрын
thank you very much sir
@olanashaat71358 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 ?
@cuteglitterz8 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
@JasonWelker8 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
@emergingschoolofeconomics20653 жыл бұрын
kzbin.info/door/GAV9RO-qlgjTboIYVA-VEA
@ycallace9 жыл бұрын
Wait, you could have drawn that MC and AVC line anywhere. Why did you choose it to intersect quantity demanded at 3 ?
@sopiahmohdnoh73779 жыл бұрын
ecalace since firms are trying to maximize profit,they will produce where MC=MR(in the early part)
@TwenOalley8 жыл бұрын
Thank you so much for making this.
@ganeshkumar41638 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
@ManuelSteiner8 жыл бұрын
+Freaky filly Hi. Check out my video on Pure Monopoly (for AP). It's clear and all you need to know!
@ayushmaheshwari26306 жыл бұрын
Idiot that is the law of demand
@khadijahamid6905 Жыл бұрын
thanks a lott
@matthewchina27556 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.
@tahafcb40408 жыл бұрын
but why marginal cost curve started from point 20
@gregoryvandervinne450910 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