Marginal cost and average total cost | Microeconomics | Khan Academy

Looking at marginal and average total cost in the context of a juice business
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Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course
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[@ananyamishra7968]

I'm a science student (PCM) and here I am, watching an economics video because I stumbled upon a math question involving marginal cost (it involves differential calc)......and just got curious. lol

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[@TreadstoneClassified]

Maybe talk about why it's an U shaped curve, or why the MC intersects ATC at its minimum point. You know things that are not plainly obvious...

[@tylerhorton7393]

TreadstoneClassified the ATC and MC can be explained with a little calculus. ATC = TC/Q. MC = d(TC)/dQ. The minimum occurs when the first derivative of ATC with respect to Q= 0 and the second derivative of ATC with respect to Q is positive. d(ATC)/dQ = Q^(-1)d(TC)/dQ - Q^(-2)TC = 0. Rearranging, we get d(TC)/dQ = TC/Q. Subbing in out definitions of ATC and MC from before, we get ATC = MC

[@markosshelby3889]

because of law of deminishing if u talking sersly.

[@anthonygordon9543]

Also it’s not just about allocation firms are hands on key word ‘technically’ with employee labor

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lol FR.

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What a magnificent example! Thank you.

[@elmawityn-wb6xm]

terimakasih materinya

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Beautifully explained

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[@brotherschannel9810]

Great video

[@yinyin7614]

You are a great teacher.

[@kimcharlenetyne1982]

ok not to worry sorted :)

[@linoykohen5923]

not clear as to why the atc began to increase after it met the mc

[@waseemwasi4688]

How we can show graphically Average variable cost and marginal cost and average total cost in econometrics method

[@waseemwasi4688]

Plz tell

[@devirem]

thank you

[@LockeYagami]

This really helped me, thank you!

[@kadiwright8436]

I would like more analysis of how the charts influence each other. How would a business owner/manager use this information to drive decision making.

[@kadiwright8436]

My assumption is we want to hit maximum efficiency of ATC. Therefore, when we hit 9000 gal of juice produced we can see the marginal cost will influence the ATC to then go back up in the opposite direction. This indicate "law of diminishing returns." That being the marginal costs supercede the benefit to produce anymore juice for the company. Unless the company can find a new producer/manufacturer that will drive the variable costs down.

[@mdmuktaibnsattar6814]

very much helpful for us thanks a lot please make economics lecture on bangla

[@kenycastro436]

Excelente!

[@Dule-my1yc]

Can we work out marginal cost if output is not given to us in the question?

[@lorenzorichards7093]

WHAT ARE THE NAME OF THE CURVES ????

[@h2news986]

❤

[@DeorcRegnboga]

would you tell me what is the application do you use?

[@DjRiordan1]

Deorc Regnboga it looks like Microsoft Excel

[@DeorcRegnboga]

Justin Newman ah! I think you were right :)

[@greatali4654]

I've a question

[@sipano123]

Third! Great job thanks :)

[@kimcharlenetyne1982]

Why does my graph on the right not look like yours, all the figures are the same? Bu the MC does not curve like the nike logo, and is rather flatish

[@valbrazilval]

Mock me, but no so much

[@visionfoundationfightingag2954]

not getting anything

[@kaloyantrayanov7631]

...and lower :D

[@valbrazilval]

:)

[@naimaima1098]

Thank you

[@JenniferEmelia01]

Thank you

[@NuruulAinii]

thanks