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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totally amazing. The use of a practical approach gave us understanding from the grassroots. This is the only video on youtube which totally cleared my confusion... Thanks a lot.
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
4 жыл бұрын
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
3 жыл бұрын
because of law of deminishing if u talking sersly.
@anthonygordon9543
3 ай бұрын
Also it’s not just about allocation firms are hands on key word ‘technically’ with employee labor
Ah yes, Khan academy my savior.
god of education and changing peoples lifes
@dbsk06
2 жыл бұрын
lol FR.
terimakasih materinya
Thanks for material persentation
Thank you so much. The way you explained it made everything easier. ❤🙏
Thank you
thank you very much🙏
thanks
Thanks for material presentation
Thanks for material persentation..🙏
thank you so very much sir for the information
thanks so much, it help me to do book exercises
Thankyou for the information
Khan Academy is the saviour when u have no options
What a magnificent example! Thank you.
Beautifully explained
not clear as to why the atc began to increase after it met the mc
You are a great teacher.
Great video
ok not to worry sorted :)
This really helped me, thank you!
thank you
very much helpful for us thanks a lot please make economics lecture on bangla
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
2 жыл бұрын
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.
How we can show graphically Average variable cost and marginal cost and average total cost in econometrics method
@waseemwasi4688
7 жыл бұрын
Plz tell
Excelente!
❤
WHAT ARE THE NAME OF THE CURVES ????
Can we work out marginal cost if output is not given to us in the question?
I've a question
Third! Great job thanks :)
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
Mock me, but no so much
would you tell me what is the application do you use?
@DjRiordan1
9 жыл бұрын
Deorc Regnboga it looks like Microsoft Excel
@DeorcRegnboga
9 жыл бұрын
Justin Newman ah! I think you were right :)
...and lower :D
not getting anything
:)
Thank you