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

  • @motunrayosowunmi7858
    @motunrayosowunmi78582 жыл бұрын

    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.

  • @AimaOj.
    @AimaOj.3 жыл бұрын

    I found this super helpful. Thanks!

  • @sahilkatoch4588
    @sahilkatoch45884 жыл бұрын

    Well explained... Upload more of such questions on market structure

  • @christinebrun7828
    @christinebrun78284 жыл бұрын

    Great video! Thank you!

  • @anushkadas2717
    @anushkadas27173 жыл бұрын

    It is super helpful!...Thank u...need more such excellent content.

  • @mubianamutale6607
    @mubianamutale66074 жыл бұрын

    Awesome I think it would be better if you did more of such👌

  • @zara4529
    @zara45293 жыл бұрын

    THANKS! it helps me a lot.

  • @nalikenalikando1413
    @nalikenalikando14132 жыл бұрын

    Excellent explanation...Very helpful 🙏

  • @education7457
    @education74573 жыл бұрын

    Wow ✌️ very nice explanation many thanks

  • @ShaileshKumarPandey11
    @ShaileshKumarPandey113 жыл бұрын

    Very helpful and informative

  • @santiagorojaso
    @santiagorojaso3 жыл бұрын

    Thank you so much!!

  • @SureshKumar-mh2yn
    @SureshKumar-mh2yn2 жыл бұрын

    Wao nice lecture Sir Thank you so much 🙏😊.

  • @Mudenda_M
    @Mudenda_MАй бұрын

    You're the best !!!

  • @gihansandeepa9403
    @gihansandeepa94032 жыл бұрын

    thanks a lot.

  • @rubyjane3063
    @rubyjane30632 жыл бұрын

    very helpful

  • @sophiaisa5974
    @sophiaisa59742 жыл бұрын

    Thanks so much

  • @EconomicsinManyLessons

    @EconomicsinManyLessons

    2 жыл бұрын

    You are welcome!

  • @oyungrwothjeraline632
    @oyungrwothjeraline6322 жыл бұрын

    Thanks allot

  • @onnotube.bangla
    @onnotube.bangla Жыл бұрын

    Thank you so much♥

  • @EconomicsinManyLessons

    @EconomicsinManyLessons

    Жыл бұрын

    You are very welcome!

  • @kuroe10
    @kuroe102 жыл бұрын

    1000x very much thank you

  • @EconomicsinManyLessons

    @EconomicsinManyLessons

    2 жыл бұрын

    You are welcome! Thank you for watching!

  • @ukvick
    @ukvick6 ай бұрын

    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

  • @vugiabaonguyen4660
    @vugiabaonguyen46603 ай бұрын

    why does at 9:32 profit = (P - AC) x q???

  • @chatgwani
    @chatgwani2 жыл бұрын

    Why is the derivative of 0.125Q^2 0.25q instead of 0.125q? Or does it mean same thing?

  • @EconomicsinManyLessons

    @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.

  • @arjanbaraku6281
    @arjanbaraku62816 ай бұрын

    What does MC=0.5Q mean???

  • @emmanuelniyodusenga758
    @emmanuelniyodusenga758Ай бұрын

  • @chandrayeemalakar2232
    @chandrayeemalakar22327 ай бұрын

    too basic sums.. these kinds do not come on tests

  • @sunnymann9639

    @sunnymann9639

    4 ай бұрын

    It is to grasp the main concept of these videos. You need to improve your algebra skills not his fault.