#30 Short run cost function | TC, AC, MC | By Hardev Thakur

#30 Short-run cost function | TC, AC, MC | By Hardev Thakur
In this video, we will discuss what is cost function and its types i.e. Short-run and long-run cost function. and we will discuss in detail that what is short-run cost function and its components such that Total Cost, Total Variable cost, Total Fixed cost, Average fixed cost, the average variable cost, Average Fixed cost, and Marginal Cost. Also, we will solve two MCQs at last.
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Test your knowledge by attempting cost function Quiz:
letsdiscusseco...
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#Shortruncostfunction #costfunction #Totalcost #Averagecost #marginalCost #Averagevariablecost #Averagefixedcost #learntocompete #Hardevthakur

[@LearntoCompete]

Let's find out how much you know about the cost function. Attempt the Quiz: letsdiscusseconomics.blogspot.com/2021/03/cost-function-mcqs-tc-ac-mc.html

[@alkayadav8081]

Explanation is lucid🥰cost function is the relationship between cost and output. There are two types of cost function -short run and long run. In short run some factors are fixed and some are variable, In long run all inputs are variable. Average fixed cost is the total fixed cost upon quantitu average variable cost is the total variable cost upon quantity. Average total cost or average cost is the total cost upon quantity. The shape of average fixed cost is horizontal to the X-axis. The shape of total fixed cost is horizontal to x axis, the shape of total fixed cost and total variable cost os first concave downward and then concave upward.

[@akashshetwe5187]

I never comment on videos but you have taught so well it made me leave a comment.Thank you a lot !

[@rameshwarkharkate346]

Best Explanation Thank you so much Sir ❤❤❤

[@amritagurjar337]

Sir Economics m apke jesa koi duja ni Eng. Medium walo k liye ap msiha ho sir Thank uuuuuuu sir

[@g11karishmas97]

Very very very clean and clear explanation 🙏🙏🙏👏👏👏👏

[@meghasantra2612]

Sir aap bahut aacha explan Karte hai... Apke wajase najane kit ne student ke concept clear ho gai un me se mai bhi ek hu...thank u.....and keep it up

[@subhasismishra3188]

Sir aap k video se concept clear ho jata hai....Thank u

[@DiyaBhatt1225]

Aap guru ho hamare, shukriya!!!

[@124sakshisheth5]

Thankyou so much❤ after this video my all doubts got cleared. Perfect explanation, perfect examples. Really Sir Thankyou so much ❤🙏🏽

[@LearntoCompete]

Thankyou🙏. Please subscribe and share🤝

[@124sakshisheth5]

Already did❤

[@laxmanbiharivyas8930]

What an explanation. No words to praise. Hats off to u. I watch ur all videos sir.

[@LearntoCompete]

Thankyou for watching... Please share with you friends as your one share will motivate us to come up with new videos.🙏

[@AnshikaSingh-qr5xs]

Thanks sir for giving best explanation

[@chandarajak8245]

Nice sir aap bht acha pdhate h bht hi acha ❣❤

[@shreyapednekar]

The graph and table explanation was so good 👏🏻👏🏻👏🏻

[@salonirai2309]

Very well explained!

[@dollarchhabra3965]

Beautifully explained !!! loved this video

[@shreyapednekar]

This was so great! Never thought this would be so easy to understand. Thank you so much! 🙌🏻

[@waliulislam2336]

Love from Bangladesh

[@saritarani9351]

Really, your video helps a lot☺️

[@akanshajain8211]

Your videos are really helpful

[@LearntoCompete]

Glad you think so!

[@hihihihihihi9041]

Very nice❤

[@NimiishkNimiishk]

Lanrange therom b explain kr dyn

[@surajparkash3572]

nice explanation

[@bilal_ali]

Best

[@jaysikhajesli4853]

I have a doubt that can we take tvc any amount that we want or is there any certain method to find tvc when output is 10 i.e. the first tvc?

[@parul5669]

At every level of output TVC = AVC ×Q

[@garimakamboj9561]

Great!

[@VmlYdv]

Explain the mathematical form and properties of spillman production function.

[@gourimohapatra2076]

Thanks a lot

[@poojaverma7899]

Thanks...........

[@simran7761]

tooo good

[@faheem__08]

Thank you 💛

[@royaljat84]

Very well explained 👍

[@Sirvik11]

Sir, TVC and TC curves ka graph toh inveresely S shaped hota h or I actually mean to know the reason of inveresely S shaped curve of TVC which you didn't talk about at all. Please make it clear sir

[@shivani_aggarwal82]

Sir plz do a video on long run also as soon as possible.. my exams are near

[@jagroop200]

Hello sir, is output column value is randomly assumed ?

[@ainajhatial9414]

Thanks 👍

[@Vipersnke]

Why am I getting different answers for MC with this formulae TCn - TCn-1

[@GhulamMustafa-gr9bh]

Sir! Jab output=0 hogi to AVC=AFC=ATC=infinite lakan ap nay AVC=AFC=ATC=0 lekha plz explain

[@hanumanhindusthani7436]

Na to 0 hota or na hi infinite hoga jab output hi 0 hai to kuch bhi define nhi hoga so _ aa jayega

[@mdrobinbhuiyan8824]

❤❤❤❤❤

[@shacheetiwari7865]

❤️❤️

[@nidhisharma7113]

Sir please clear me is this true or false. ' MC can never be constant in short run '

[@priyanshubisht1220]

Jod💚🔥

[@minkishah7364]

How can tvc be a straight line in many books it is inverse s shape and reason is bcoz of law of variable proportion .

[@LearntoCompete]

Yes you r right. Its just to simplify so that they first understand that TVC curves are upward sloping, Watch long Run cost function video there i explained why i showed it straight line🙏

[@bikramchampati7954]

Sir TVC CURVE INVERTED S SHAPE

[@GhulamMustafa-gr9bh]

Sir! When output=0,AFC=infinite but according to you AFC=0 how it is possible? We know that AFC=FC/Q when Q=0 ,AFC=infinite

[@bikramchampati7954]

AFC ZERO NEHIN HOGA KABHIBHI

[@muhammadabuzar4509]

1.Total cost is equal to: a. Total receipts-GP b. GP-TOTAL Receipt C. Non of these. 2. The basis of international trade and the reason many economists oppos productive tariff is the law of a. Diminishing returns b. Comparative advantage C. Diversification Plz sir correct answer

[@SHANTIKUMARIMASEM]

❤️❤️❤️❤️❤️