Y2 2) Fixed and Variable Costs (AFC, TFC, AVC)

Y2 2) Fixed and Variable Costs (AFC, TFC, AVC, TVC). Everything you need to know regarding Fixed and Variable Costs (AFC, TFC, AVC, TVC)
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[@chloeloveseverything]

helped me during year 12 and still helping during my first year Econ degree. I love u. keep posting.

[@rosahu8826]

omg the AVC explanation blew my mind- no teacher has ever explained it with law of dimishingreturns it makes so much sense holyyyy

[@anassiddiqui6846]

AMAZINGGG WORK DAL, LUV YOUU!!!!

[@Daffolill]

Your such a good explainer, now I won't have any problems in drawing TFC & TVC diagrams

[@thariq__rafiq]

Thank you for these videos!

[@charlieh2088]

econplusdaddy

[@dlind36]

fabulous teacher

[@Levendo]

Thank you for these videos. They're super helpful for my studies.

[@jolt09l]

This is soooo timely you have no idea - THANK YOU

[@minovercovermcr]

will this help for CIE?

[@minovercovermcr]

i have no idea whats the difference between Exdcel and CIE and Alevels? ugh

[@blitzbrawl8641]

@@minovercovermcr L

[@MuhammadWaseem-pe7mu]

Thank u for being such a nice teacher 🧑‍🏫

[@Shake.-.it._.off-]

You are literally such an AWESOME GABULOUS WONDERFUL teacher and I'm so glad u posted these videos. They're literally SOOSOSOSO helpful. Would've failed if it weren't for u. Ur literally the best teacher ever I wish u were my teacher ur literally so awesome psllsls continue posting these videos they're sosososoos helpful and ur j so pure and ilysmm thank youu

[@UTK37]

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brazy d riding from him icl@@UTK37

[@mohamedadan5462]

D riding is brazy

[@fionaellen9425]

this is so helpful!! thank you so much:))))))))))

[@tedoliver1587]

love the vids bro they really help me when revising for my up coming a levels

[@lorddan8987]

im in your walls

[@abdirahmanmumin]

What did u get

[@nisadisadeera8675]

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[@digbijaybasnet6839]

u a real g

[@jiggybeats9935]

whoever has this guy as their teacher is guaranteed an A*

[@dalma.peller]

Thanks dalll

[@_JXB94]

Yes lad

[@luckylookz_n00b77]

Ty

[@felixschuster2532]

oh yeah yeah thanks a lot for the vid

[@MC10W]

So does this oinly refer to csots thatoccur in th short run>??? Thanks.

[@minovercovermcr]

wil your vids help me in CIE may june 2019? im giving Economics A2. i got D in AS because i wasnt prepared at all. I am planning to buy your 2nd edition and do my best practicing and all. but will it help me cause im doing CIE.

[@TheGogunit]

Siddhartha Mishra Official check your exams specifications

[@eucomigomesmo3152]

❤

[@adeeprai7542]

can someone tell me the difference between the law of diminishing returns and the law of diminishing marginal terms in the most simple way possible. Thank you

[@rahatahmed703]

Is it not the same thing?

[@user-gj4zg4tj3w]

are diminishing returns a diseconomy of scale?

[@AS-ie3lf]

Y s Diminishing returns is a situation that occurs only in the short run. Diseconomies of scale is the disadvantages a firm reaps due to its growth, which occurs in the long run, so no. But that’s a great question.

[@user-gj4zg4tj3w]

@@AS-ie3lf ah yeah because in the long run a firm wouldn't have diminishing marginal returns as they can increase land which is fixed only in SR and is the source of diminishing marginal returns right? Thanks for replying!

[@AS-ie3lf]

Y s exactly 👍 and no problem

[@kaibaing4288]

Is "Total variable cost" affected by law of Diminishing returns or is it only the "Average variable cost" which is affected by law of Diminishing marginal returns? 🙏 Someone please reply

[@kaibaing4288]

Is "Total variable cost" affected by law of Diminishing returns or is it only the "Average variable cost" which is affected by law of Diminishing marginal returns? 🙏 Someone please reply

[@9I09I90]

TVC is affected by the law of DMR and so as a result AVC is also affected by the law of DMR

[@mehul7041]

Can anyone tell what exactly is short, medium and long term ? ( in terms of number of years)

[@eliopalombi]

mehul jain It depends, but I can give u an example. For land, usually a business must give a notice in advance that they are going to close down. If, for example, they decide to close down today, they will still have to pay rent for the next 6 months (depends on the contract). For capital, it is a lot more variable. However, it takes quite a bit of time to buy machines, so possibly something like 2-3 months.

[@sydbirkbeck5419]

Vicstars dad

[@atharvadeshmukh2689]

Jesus fuck🤣🤣🤣

[@muhammadidress5315]

How to calculate TVC if I have total fixed cost ?

[@muhammadidress5315]

@@z1957 Thanks

[@ottiebreen3259]

is that AFC supposed to be a straight line or is it a curve

[@Alexanderplayle121]

it's curved because fixed costs (for example rent) is being spread out over more output (goods produced). e.g: say rent is £100 if u produce 1 good, Fixed cost=£100 if u produce 5 goods, Fixed cost=£20 if u produce 10 goods, Fixed cost=£10 remember in the video: AFC = TFC / Q (output) and if you plot them on the graph with the correct axis, you'll see that it's naturally curving.

[@kaibaing4288]

Is "Total variable cost" affected by law of Diminishing returns or is it only the "Average variable cost" which is affected by law of Diminishing marginal returns? 🙏 Someone please reply @alex playle

[@byzr6720]

@@kaibaing4288 do you still look for the answer?

[@TheDiamondAlf]

papi

[@luqmanhersi2735]

Ty

[@lorddan8987]

no