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Short Run Cost Curves | Think Econ
In this video we explain the short run cost curves. This includes the average variable cost (AVC) , averaged fixed cost (AFC), average total cost (ATC), and marginal cost (MC) curves. Not only do we review how to read these curves on the graph, but we also show you how to use these per unit costs to calculate the total costs!
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Great video
Thank you, sir, your videos help me review for my exam so well! God bless you!
@ThinkEcon
6 ай бұрын
I’m glad you find the videos helpful! :)
Well, it really helped me to understand this topic before my test 😅 Thank you for the video!
@ThinkEcon
9 ай бұрын
I'm glad you found it helpful :)
The video is english makes me in little bit trouble😅 but it helped me 😊 Thanks _❤🇮🇳_
@ThinkEcon
9 ай бұрын
I am glad this was helpful!
Really a useful video
@ThinkEcon
Жыл бұрын
I'm really glad to hear that :)
Can you make a video on long run cost production?
I kinda got lost in the middle part of the video but i guess this can be used as a template of individual costs, no?
@ThinkEcon
Жыл бұрын
Individual firm costs, absolutely!
@franb22
Жыл бұрын
Awesome 😎
@mm6461
Жыл бұрын
@@ThinkEcon is this a Canadian video, due to the use of Ootput eh?
@ThinkEcon
Жыл бұрын
@@mm6461 Yep, Canadian here, born and raised.😅😂 Is it that obvious?!
@mm6461
Жыл бұрын
@@ThinkEcon this is great content. Keep it up 👍
ONE
thanksssssssssss
@ThinkEcon
10 ай бұрын
No problem!
Everyone says "due to the laws of diminishing returns" when explaining marginal cost, nobody new that wants to learn from this video understands that, go in depth and explain what the law of diminishing returns are and an example.
@ThinkEcon
9 ай бұрын
That's a great idea. Now the law of diminishing returns on it's own is a quick concept to cover, but I think I can make a video that will clear up any confusions or uncertainties people have about it. Once again, great idea. Mind if I shout out this comment when I make that video?
@voltagetv4908
9 ай бұрын
@@ThinkEcon Yes absolutely I don't mind, maybe a video discussing commonly used phrases like that in economics as a whole with examples would be great.
@nelisafreitas739
6 ай бұрын
You are brilliant and thank you
@ThinkEcon
6 ай бұрын
@nelisafreitas739 I appreciate the kind words 😊