Perfect Competition Example Problems: Algebra Based Solutions
This video shows how to solve for profit-maximizing price, quantity, and profit for a perfectly competitive firm using seven example problems.
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Пікірлер: 30
OMGG...I'm so glad I found this page. It was explained so well and in detail while also showing various ways to solve a question. I'm definitely going to keep coming back here. Kindly, upload more videos on complex questions on market structure and also, other economic topics.
I found this super helpful. Thanks!
Well explained... Upload more of such questions on market structure
Great video! Thank you!
It is super helpful!...Thank u...need more such excellent content.
Awesome I think it would be better if you did more of such👌
THANKS! it helps me a lot.
Excellent explanation...Very helpful 🙏
Wow ✌️ very nice explanation many thanks
Very helpful and informative
Thank you so much!!
Wao nice lecture Sir Thank you so much 🙏😊.
You're the best !!!
thanks a lot.
very helpful
Thanks so much
@EconomicsinManyLessons
2 жыл бұрын
You are welcome!
Thanks allot
Thank you so much♥
@EconomicsinManyLessons
Жыл бұрын
You are very welcome!
1000x very much thank you
@EconomicsinManyLessons
2 жыл бұрын
You are welcome! Thank you for watching!
Nice one, But instead of saying the slope of 12Q is 12 why not say, Differenciate or take the 1st Derivative of TR to get MR incase someone is not good at economietrics to understand slopes
why does at 9:32 profit = (P - AC) x q???
Why is the derivative of 0.125Q^2 0.25q instead of 0.125q? Or does it mean same thing?
@EconomicsinManyLessons
2 жыл бұрын
The exponent comes down in front, so you get 2 x 0.125Q^(2 - 1), and you need to subract one from the exponent to get 0.25Q.
What does MC=0.5Q mean???
❤
too basic sums.. these kinds do not come on tests
@sunnymann9639
4 ай бұрын
It is to grasp the main concept of these videos. You need to improve your algebra skills not his fault.