I am from Germany and there is almost no really useful video about that topic in german. But this one is so simple and so easy to understand. I am impressed and thankful for being able to understand another language. Great video, thanks.

Thank you Sal for educating us. Keep up the good work!

No matter wherever i go.... This is the only channel where i finally understand everything.

Thanks, really helpful!

wow. beautiful lecture. I don't know how to thank you..

thank you for clear explaination

lol never understood this until this video. Thank you very Much.

Thank you so much. You are life saver

Thank you!

Incredible video. I always knew that economic profit in a perfectly competitive market went to zero in the long run but never knew why. This explains it bang on. Thank you!

@thinithipalayangoda3730

3 жыл бұрын

so will they never make a profit, if it comes to zero all the time?

@eliopalombi

2 жыл бұрын

@@thinithipalayangoda3730 they will not make economic profits, but they obviously will make accounting profits. Economic profits include opportunity costs, like the value of the next best alternative, in this case the next highest paying job.

Nicely explained 👍

Thank you very much

Bro, thanks so much, you use a six minutes video make me understand a theory that uses 7 pages ppt and 30 minutes class time from my teacher. I'm already think about should I join the following classes or just sitting in library and self study.

awesome expalination

Thanks

best video!

Love u so much

i wish you were my professor not someone i know at the university of zambia

Why did u set the equilibrium points of the new supply curves with the old demand curve. Eq points are set with a new supply and demand curve

Hi 💗

2 Questions Is the middle point ("productively efficient") meant to be the breakeven point Is the point of the differences between the point whereby firms make lots of profit and then no profit meant to be representative of the boom and bust cycle?

i love you

At minimum ATC economic profit =0, what about Accounting profit ?....If it is different, How can firms calculate the implicit part of opportunity cost which we use calculate economic profit

@thejammer2383

3 жыл бұрын

My question too. Also, how they stay in the market if they are not making any profit economically? I am confused, if you know the answer by now, could you please let me know?

If they make zero economic profit, why do they stay in the market? I mean their average total cost is same as the marginal revenue. What profit do they get?

@md.fahimshahriar725

2 жыл бұрын

they get accounting profit..

@kfurgie999

Жыл бұрын

It's not realistic. These models have to exclude certain parts of reality, and are meant to be like a "skeleton" that shows you underlying dynamics. The minimum total cost is going to have to include keeping the capitalist alive, except then, there would be more profit by that capitalist getting a job at the firm. It is like in physics, is there a spherical cow in a frictionless vacuum? No.

@tedmink7568

2 ай бұрын

Economic Profit is a theoretical concept. It accounts for both implicit and explicit costs. They still make an accounting profit.

Can a monopoly ever achieve productive efficiency??

@hobknockers111

5 жыл бұрын

In reality, firms that are less competitive are unlikely to be producing at the productively efficient point as they are earning supernormal profits and have no need to cut costs. Hope that makes sense 😬

@kumarchandresh4044

4 жыл бұрын

@@hobknockers111 u are right for example monopolies usually tends to restrict output as they earn high profits even if they reduce their output

@kumarchandresh4044

4 жыл бұрын

But monopolies can also benefit from EOS and invest in R&D which could make them more efficient

taught me more than my teacher did lmao

I use but videos to study all the time man

@turkishpunisher6386

5 жыл бұрын

Start with "Khan english".

@gollavillihari2516

4 жыл бұрын

@@turkishpunisher6386 hahahah🤣🤣

@enderzebak2863

4 жыл бұрын

@@turkishpunisher6386 maybe you should start with khan ethics

@turkishpunisher6386

4 жыл бұрын

@@enderzebak2863 🤥

p=MR, why

I didn’t believe this theory

@eksimisruh

22 күн бұрын

can you explain why?