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Long-run Average Total Cost and Economies of Scale

This lesson distinguishes between a firm's short-run average total cost and its long-run average total cost, and explains how economies of scale may help a firm achieve lower average costs as it increases its output in the long-run.
Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! econclassroom.c...

Пікірлер: 42

  • @robbyjones8906
    @robbyjones89069 жыл бұрын

    Jason Walker you're the man, going to make me pass my Econ exam worth 30%, thank you for doing what my econ teacher could never do... teach me

  • @Bentami
    @Bentami4 жыл бұрын

    I like you Mr. Welker, nice concise explanations. My $100+ textbook cant explain it at all. I always end up back here where your explanations instantly click.

  • @szhaloyu
    @szhaloyu Жыл бұрын

    Thank you so much! This cleared all my doubts on LATC

  • @enragedenglish
    @enragedenglish2 жыл бұрын

    Wow that was such a good clear explanation. THankyou so much!

  • @amirestebari1470
    @amirestebari14706 жыл бұрын

    Wow..I had a lot of difficulty understanding Long-run ATC before watching your video. But now, it is super clear for me. Thank you!

  • @evangelisttbere
    @evangelisttbere3 жыл бұрын

    A great teacher. i was struggling

  • @daryagholami9725
    @daryagholami97254 жыл бұрын

    this topic was perfectly clarified for me thank you Mr Welker

  • @Team4640
    @Team46409 жыл бұрын

    you are the best jason walker!!

  • @freddyflores6608
    @freddyflores66085 жыл бұрын

    Great work, you know when someone has expertise in its field.

  • @anupamagopinathan2507
    @anupamagopinathan25076 жыл бұрын

    You are amazing. Thank you for this especially for the historical example!!!

  • @nitikadesai7976
    @nitikadesai79763 жыл бұрын

    Thank you, the video is as awesome as you are

  • @amandagezahegne7038
    @amandagezahegne70384 жыл бұрын

    you are awesome!!!!!!

  • @waqasahmad6111
    @waqasahmad61115 жыл бұрын

    Thanks for lucidity of this topic. Thank you very much again

  • @vinayak186f3
    @vinayak186f33 жыл бұрын

    One word - AWESOME🔥🔥🔥🔥🔥 , Thoroughly enjoyed the lecture , thank you 👍

  • @sumanthadlagatta
    @sumanthadlagatta9 жыл бұрын

    very much thanks to the jason I understood very well about this topic after listening to this video

  • @medobahri6177
    @medobahri61774 жыл бұрын

    thank you very much this will help me pass my exam

  • @keotshepilemandona9882
    @keotshepilemandona98826 жыл бұрын

    wow with your videos i understand better ..because once i using a textbook it took 2 hours to cover this work ..but noe am good

  • @ingays
    @ingays12 жыл бұрын

    Great video! It was very helpful thank you

  • @akankshagupta5494
    @akankshagupta54944 жыл бұрын

    thank you Jason :)

  • @realdvgarg
    @realdvgarg4 жыл бұрын

    I hope my IB Econ paper is marked by you (if you're an IB Examiner) because I'll know it's in the right hands.

  • @iffahsamsir4396
    @iffahsamsir43966 жыл бұрын

    Omg youre a life saver ! Thankyou so much 🙆‍♀️🙆‍♀️🙆‍♀️🙆‍♀️🙆‍♀️🙆‍♀️🙆‍♀️

  • @saimakhalid8076
    @saimakhalid80768 жыл бұрын

    every time when I watch ur videos jason to clear all of my concepts the starting song always force my children to dance...

  • @021aminul
    @021aminul2 жыл бұрын

    Damnn!! You're so awesome!! Thank u so much❤️

  • @abdimajidogle9439
    @abdimajidogle94398 жыл бұрын

    Thanks you jason

  • @cahi8501
    @cahi85014 жыл бұрын

    Me welker, you're really good.

  • @skyzoom2488
    @skyzoom24887 жыл бұрын

    Great.

  • @kahlonladhamunda3589
    @kahlonladhamunda35898 жыл бұрын

    God bless you professor,you are great .

  • @sphelelesanga569
    @sphelelesanga56910 жыл бұрын

    thank you very much!

  • @AnaGraceSaab
    @AnaGraceSaab10 жыл бұрын

    jason, i do appreciate most of your videos but i need to clarify something, base on the above video, economies of scale/diseconomies follows increasing returns to scale/decreasing returns to scale?as i've known, the former measures cost and output and the later relates inputs to output.

  • @saimakhalid8076
    @saimakhalid80768 жыл бұрын

    hello Jason thanks for ur response.I am preparing for a competitive exam and I need ur help to clear my concepts.can u please explain the revealed preference theory in detail through a video.

  • @SaggRonn
    @SaggRonn11 жыл бұрын

    veryyy helpfull indeed! i dont even feel the need to go to classes anymore! LOL

  • @scdgjilh
    @scdgjilh8 жыл бұрын

    10/10

  • @000grga000
    @000grga00012 жыл бұрын

    The video is pretty good,but in my book (Pindyick & Rubinfield) they explained that: Inreasing returns to scale-output more than doubles when the quantities of all inputs are doubled Economies of Scale-a doubling of output requires less than a doubling of cost It's not the same

  • @saimakhalid8076
    @saimakhalid80768 жыл бұрын

    Jason tell me what is actually the average cost? theoretically

  • @JasonWelker

    @JasonWelker

    8 жыл бұрын

    It is, actually, the per unit cost of production.

  • @edwardwills1137
    @edwardwills11379 жыл бұрын

    what is the song at the start

  • @Tamara1465

    @Tamara1465

    9 жыл бұрын

    +Edward Wills It's making me nervous by brad sucks

  • @naimamuhammad9830
    @naimamuhammad983011 жыл бұрын

    Helpful but you're quite fast..

  • @user-xd2wt3kj8y
    @user-xd2wt3kj8y8 жыл бұрын

    why the average cost goes on decreasing when the average product goes on increasing?

  • @milbxbycol9426
    @milbxbycol94267 жыл бұрын

    My econ teacher is shit, this one is the shit.