We have some great free study resource collections for A level Economics and IB Economics - click here www.tutor2u.net/economics/collections
@susannduku243 Жыл бұрын
You brought it to be so simple to understand. Thanks from Kenya 🇰🇪 2023
@tutor2u-official Жыл бұрын
you are very kind Susan - thank you
@tutor2u-official4 жыл бұрын
Find our free online lessons for Year 12 economists here! www.tutor2u.net/economics/collections/online-lessons-for-year-12-alevel-economics-students
@apotheosisaurel9248 Жыл бұрын
Thanks for this excellent and straightforward explanation. As someone who isn't here for economics but for calculus, this was very didactic, I even want to continue learning about this topic, haha. Good luck to all Microeconomics students. 📚
@tutor2u-official Жыл бұрын
Glad you enjoyed it!
@fiyin41673 жыл бұрын
I found this video very productive and helpful, thanks a lot.
@tutor2u-official3 жыл бұрын
You are welcome!
@NadaBoukouyen Жыл бұрын
thank u so much for this straightfoward explanation!
@fairuzashmanabila99283 жыл бұрын
Finally found great vids with British accent lol Thank you for uploading. It really helps! Your voice reminds me of my business teacher in secondary by the way. Greetings from Indonesia Sir!
@tutor2u-official3 жыл бұрын
Glad I could help! Glad I can help - please spread the word about our channel! Good luck!
@satyamsrivastav17722 жыл бұрын
Great video sire,, nice explanation
@tutor2u-official2 жыл бұрын
Glad you liked it
@TheBullOfLewisham5 ай бұрын
Tuesday 30th April 2024. 21.34pm. "Dear Sir. Good-evening. How are you? I trust you are well. I, think i understand Marginal cost. Well, I still do, not understand it. Please can you explain it again." Thank you. Mr Francesca Kray
@christinemk97463 жыл бұрын
Thank you for helping me understand love your videos.
@tutor2u-official3 жыл бұрын
You are so welcome!
@minamondal79314 жыл бұрын
Thank you teacher I get to know about the points in 3rd situation 🙏🙏
@tutor2u-official2 жыл бұрын
You're welcome 😊
@giftmichaelkhondowe97722 жыл бұрын
Wow. Great video. Tilipo lipo che
@gracia35774 жыл бұрын
Thank you,so helpful sir❤️
@Halloitsme193 жыл бұрын
Very clear thanks for the explanation
@tutor2u-official3 жыл бұрын
Glad it was helpful!
@Ye-pi1yo Жыл бұрын
As a non native english speaker who is studying economics, I need someone to describe to me what units mean. I actually searched for it, I found that it means an item manufactured. then is it equal to goods in terms of Economics?
@tutor2u-official Жыл бұрын
Units means how much of something has been produced
@Ye-pi1yo Жыл бұрын
@@tutor2u-official thank you!
@tasneem64273 жыл бұрын
Finally I got this.
@jonathansinkala36232 жыл бұрын
Thank you so much
@shobih90972 жыл бұрын
Wow
@br22663 жыл бұрын
My God tutor2u, your voice makes me want to learn lol
@tutor2u-official3 жыл бұрын
You are too kind!
@bradledford88773 жыл бұрын
Thank you, this explanation really helped me.
@tutor2u-official3 жыл бұрын
Glad it helped!
@jonathansinkala36232 жыл бұрын
So this implies that MC= Current Total Cost - Previous Total Cost/ Current unit - previous unit
@gauravmohan92712 жыл бұрын
Thank you…
@johnpaulong56033 жыл бұрын
Can I ask if can marginal cost decrease? Or marginal costs should constantly increase?
@tutor2u-official3 жыл бұрын
Both are possible - it depends on the nature of production. Drawing a linear (straight-line) supply curve suggests that marginal costs are rising but it is not inevitable. In many industries such as mass production manufacturing, the marginal cost is constant.
@johnpaulong56033 жыл бұрын
@@tutor2u-official Thank you very much.
@avatar80482 жыл бұрын
what is the difference between variable and marginal costing?
@tutor2u-official2 жыл бұрын
Variable cost is cost that depends on output, marginal cost is the cost of producing the next unit of output
@muhammadalfaraby61253 жыл бұрын
Ok tahnkyou you help me
@aliahmontefalco96872 жыл бұрын
Why does in the first example it didn't use the formula of marginal cost? But in the second example it does
@aliahmontefalco96872 жыл бұрын
@tutor2u
@alisyaakrang4258 Жыл бұрын
what happend if price below the marginal cost?
@adokorachpaula436210 ай бұрын
Can we look at the long run average cost curve
@tutor2u-official10 ай бұрын
will do - thanks for the suggestion
@rinasari78152 жыл бұрын
How if there is only price instead of total cost? Can we calculate the MC
@tutor2u-official2 жыл бұрын
Total cost is the area underneath the marginal cost curve
@nishumaurya43023 жыл бұрын
Thanks
@tutor2u-official3 жыл бұрын
Welcome
@claudiohernandez2512 жыл бұрын
Thank you @tutor2u
@aleenayezaa3363 жыл бұрын
Where is second part of this video?
@tutor2u-official3 жыл бұрын
Not sure! I'll investigate!
@charliegardner44712 жыл бұрын
Why does MC equal Supply?
@tutor2u-official2 жыл бұрын
Because the supply curve is essentially the cost of producing extra units - which is also the idea of marginal cost