Profit Maximization in Competitive Markets

[@musicrox4ever96]

your videos are going to be the only thing that prevents me from failing my econ 101 exam. bless your soul.

[@DeadZoneCustoms]

Our class average for our past exam was a 62% I was at a loss when I saw that. Luckily hes letting everyone retake the test. I feel a lot more confident in my ability to take it after watching your videos over the weekend. I really appreciate it! keep up the great work!

[@WitlessMean]

These videos are really perfect. You even put links in when you mention something that people who are moving too quickly may not understand fully yet. You also explain pretty much every aspect clearly, and write down everything clearly. Simple things like that "just a refresher" part help SO MUCH. Definitely one of the best, if not the best teacher for this stuff on youtube.

[@Kelpy]

hello, and thanks -- your videos are aften more helpful than the others I watch, Berkeley, MIT, pajholden, and Kahn, very clear, down to earth, and complete. Good speaking voice. You are a good model whose curves are inspiring.

[@sisirakumara9529]

thanks your presentation ability very good and very clear

[@bongoman37]

the picture on 00:00 is so cool, really smart video

[@hawqua1]

Thank you for your work. Your videos are very helpful.

[@Paretozen]

I was hoping to see Pontryagin Maximum Principle applied on competitive markets. Aren't amazed by his story? Can you make an advanced economics/mathematics video please? To show us viewers what is possible within the field? That would be very interesting!

[@CombatTriangle]

Awesome video! This helped me so much with my Microeconomics class.

[@TheJJSmith92]

Your help is much appreciated

[@thomasindi9929]

thanks i learn a lot in this session

[@khanu1731]

Excellent explanation madam

[@jodiecongirl]

Because marginal cost isn't constant...consider a situation where is costs $10 to produce the first unit and an additional $20 to produce the second- average cost at a quantity of 2 is then $15 but marginal cost is the incremental cost of the second unit, which is $20.

[@abdibashir5317]

wish such teacher in my ACCOUNTING CLASS.Anyway i love your videos and how you elaborate things thanks

[@buellerferris]

You're amazing teacher! Thank you so much for your help :)

[@brucezhong8327]

Thank you, awesome explaination

[@lucas201103]

Thank u for making this video

[@waynedube4088]

good explanation....

[@mazdats8]

Thank you so much.

[@theresagordon2994]

Excellent !

[@Econotrix]

Thank u very much.

[@fatimaadam3183]

You are more than amazing!

[@mohaiminulraqib8367]

economics got better

[@MrShing0416]

Thank you so much, It's very useful for me to learn Micro Econ. ;)

[@The3nlightened0ne]

Hello I need help with this please: Market demand is given as QD = 200 - 3P. Market supply is given as QS = 2P + 100. Each identical firm has MC = 0.5Q and ATC = 0.25Q. What quantity of output will a typical firm produce?

[@companions.610]

A competitive market??

[@PlansGoneWrong]

Thank you!

[@passanggaljensherpa4454]

thank you for the lecture beautiful mam

[@birhanuabebe7378]

Hello Miss do you have asked a question

[@Aleksanderavo]

Thank you a lot

[@jamesery16]

Love you so much

[@sharanrajsvapragasam3172]

Very helpful

[@fatimaabdulnoor6683]

Thank u ♥

[@90sDane]

Is the marginal cost curve also the supply curve if it exceeds average total cost?

[@rustysmith8588]

The section of the MC curve that lies above the AVC curve is the individual firm's SR supply curve.

[@TheJJSmith92]

One question: How can average total cost be less than marginal cost?

[@sonamchoephel2078]

Thanks for the great video tutorial regarding perfect competitive market... Would it be possible showing the profit maximization and minimization in terms of mathematics like using derivatives?... If so, then it would be very grateful.. thnk again...

[@Lifeafter40]

Have you taken calculus for business and social science? Class goes into some formulas or you can google it up. I personally find econ explanation easier and faster than working out the cal.

[@bhajan553]

+TheMo

[@josephbanda7539]

I need help on profit maximization in a perfect competition market with the help of drawings/curves and explenation on each.

[@jayrajjoshi5574]

what is the second order condition

[@chavaniefarquharson48]

is profit maximization same for monopoly and perfect competition?

[@GR-uc1dr]

Chavanie Farquharson OMG...

[@cchk331]

Tvytu Cvytvubt dont just fucking say omg where the fuck is your explanation

[@GR-uc1dr]

deeaveragestan My explanation is I don't even study economics but its fuckn obvious profit max can't be the same for a monopoly than for a competitive market. I mean... why would the monopolist want to be a monopolist then?.... he has asperger and likes having the market to himself just because? thats my OMG

[@GR-uc1dr]

deeaveragestan what I mean by this is not that she should know the difference, but she should ask whats the difference. It's got nothing to do with knowledge, it has to do with logic mate...

[@cchk331]

Tvytu Cvytvubt dude thats the thing , i actually think its the same in competitive and monopolistic markets, its where mr=mc, in competitive market mr=p=d. in monopolistic market d is not the same as mr, where mr=mc, only shows the quantity, price depends on the quantity and the demand curve

[@tongzhoubai1668]

hope i can get an A from her BE class... T-T

[@themrparkerman]

exactly what i was thinking

[@brownlow3400]

The video is well presented and accurate. Not her fault the "model" is pseudoscientific fiction. Real firms overwhelmingly report falling to flat MC, so should produce at capacity to maximize profit, but don't because they anticipate falling MR. Where output reduces market price, producing until MR=(constant)MC would reduce profit to zero. Nearly all real firms price at average cost plus markup and produce well within capacity (and laugh at this stuff if explained to them).

[@littledivergirl1105]

Why is the profit maximizing point where MR=MC?

[@zaynmunir3601]

Bcz when we produce more than equilibrium point cost will be more than price

[@usama143100]

nice

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[@TheBiggestOne111]

if once upon day, somebody suggest you to merry him, don't be surprise. that is me ;))) thank you a lot for your lectures, they are simply great!!!

[@rainyrainygoaway]

those things that surround the whiteboards are really distracting....

[@gillahakilimbaya6090]

I'm appreciate

[@Drowble]

Why can't my seminar tutor explain it as clearly as this?! :(

[@EliasArismendez]

Whats the formula to find out the quantity needed to see Jodi's curves? The demand is high.

[@chengstta]

Professor Howie sent me.

[@jodiecongirl]

I need them to keep from writing off of the screen. :)

[@jadedconformist]

Equally as intelligent as you are attractive. Double threat. If you also have a sense of humor, I will just die.

[@amymcmahon2566]

ok

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And now do it with algebra like every normal person?

[@i3elieve]

Awesome lecture and beautiful face

[@Ligogoc00]

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your lecture is as beautiful as you

[@blacksmartie]

Yes, but did you LEARN anything? Because, ya know... that was kinda the point of this video.

[@saurabh_TRaVeL_VloGs]

Ma'am you are so beautiful ❤️

[@buellerferris]

no wonder this country is educationally declining.

[@jamesery16]

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