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Short-Run Costs (Part 1)- Micro Topic 3.2
In this video I explain the costs of production including fixed costs, variable costs, total cost, and marginal cost. Make sure that you know how to calculate the per unit costs: AVC, AFC, and ATC. Let me know what you think and please subscribe.
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You taught me more about "cost of production" in a 5 minute video than my microeconomics professor taught me in 2 weeks. Thanks for explaining so well.
@bananaslippers9
7 жыл бұрын
same! i am 'supposedly' also learning from someone teaching this subject with a doctorate, but I find it so hard to learn anything from him! My Clifford saved my grade!
@ahlulhadith6367
7 жыл бұрын
Julie Nguyen yeah, I realized that not everyone can be a professor or teacher. Even if their experts.
@laraibjavaid9556
5 жыл бұрын
Well u weren't attentive that time
@hormeanleaph2166
4 жыл бұрын
The same apply to me,la ^^
@SilverChaser22
11 ай бұрын
Same here. In my second week of microeconomics and this video just helped me out big time. Mr. Clifford just earned himself a new subscriber.
You have saved more lives than you know..
@bettanycentre1693
7 жыл бұрын
agree
@ilovelaurynguku
7 жыл бұрын
van hout Ben agreed!
@learningwiththecoolcrew
6 жыл бұрын
So damn true, including mines, lol
@benjamindinoia8280
6 жыл бұрын
true he saved my miserable life
@Faisalkhan-hy8fu
6 жыл бұрын
True
These videos might seem silly to some people, but as a graduate student who enjoys economics but is still struggling with exams -- these videos are saving my life. You are really making the concepts understandable to me in such a short amount of time. So, a thousand times, thank you.
@JacobAClifford
7 жыл бұрын
You are welcome!
@SW4LK5L4TT
Жыл бұрын
😊😊😊😊😊😊😊😊😊
@ms9ita
6 ай бұрын
Hi jacob, this is my first video. So far, good experience.
First of all, Rock on. Second of all, you have just taught me more in 5 minutes than I have learnt this whole semester from my lecturer who has a PHD in microeconomics. I am not blaming my lecturer as maybe it was due to my lack of focus, however you deserve a medal for you work, You are a legend mate. Thank you SO much!!!
@tp-ug7jh
4 жыл бұрын
Sir can you tell press machines costing in briefly.
@user-ye7hi4cr5u
3 жыл бұрын
Telling such a simple thing like this for 1 semester is not allowed is it, I learned this from a non PhD economic made parent in 1 hour this is just ridiculous 🤣
@SuperMan-uj7dh
3 жыл бұрын
@@user-ye7hi4cr5u having a PhD doesn't make you any smarter lol
@user-ye7hi4cr5u
3 жыл бұрын
@@SuperMan-uj7dh I did not had any PhD Lmao you are just confused about what I said, sorry if I am bad at english Edit: even the simpletons should know this much 🤦
@haretztj4682
3 жыл бұрын
As a person who has attention span of a 7 year old, these videos saved my life...
Not even 10 seconds and I'm already liking this video. I think your energy, man.
@great4ever845
5 жыл бұрын
what if given just total cost and nothing else?
Hey Professor! Just wanted to say that I give your channel an A+, and in particular I appreciate your brevity, clarity, humour, and high energy :) Wishing you the best!
Missed my econ class for a week due to family emergency. Was incredibly worried about the material I was not able to attend lecture for. A friend told me about your videos. Got an A on the test. Thanks so much for your help and explanations! Finance major here that will be using your videos for awhile. Thanks!
@alrzgaming1550
Жыл бұрын
I'm thinking of going into finance what do you do for a living now?
You have posted this video 8 years ago and till this day (2022), you are still impacting and educating young students like me. I cannot thank you enough! I literally wish i can pay you back all the effort you put in those videos. THANK YOU JACOB!!!!!
Wow, I wanted to sleep but after watching for a minute and half. I'm wide awake. Gosh! Now it all makes sense. Textbook >>> Complicated, jargon, very tiny words and lost of graph. ACDC video >> Simple, simple and so simple.... Yes transferring knowledge should be easy for the receiver to understand. Thanks... from T.k in Jamaica.
Mr. Clifford is the Econ Master!! I appreciate your material so much to supplement my Micro-classes. Thanks for being awesome!
@JacobAClifford
8 жыл бұрын
+Janine Koslow You are very welcome
I was having a hard time understanding what I was reading, saw several videos, read several materials (aside from the class text book) and then I found these videos! They totally grabbed my attention, and didn't put me to sleep. So far, I've gotten 100% on both assignments, and that is by only watching the videos, I wasted my money on the school required textbook. Thank you!
@gauravrai3791
5 жыл бұрын
dam true
I think what really makes these videos work is how positive he is, it makes me feel less afraid to try
1,000 times more graspable than my microecon textbook. Well done and thanks!
The kid on the far right starred into my soul
@TheSkyWhale
9 жыл бұрын
I'm glad someone else noticed it too
@MunasheMatemadanda
9 жыл бұрын
Bradley Petrie at 0:20 whats the deal with that kid.............................scared of him
@therealmissglamBAM
6 жыл бұрын
holy crap had to watch it again to find that, how did i miss it
@ktrnaman
6 жыл бұрын
exactly what I wanted to mention. :D
@rovercoupe7104
11 ай бұрын
He’s in twice.
Honestly, I am feeling somewhat relieved watching this. My MBA lecture notes is making nay sense.
Wow... I was doing my chapter reading about this topic and I was seriously spending 30 minutes and more to understand this concept. And this topic became clear to me after watching 5 minutes of your video. Seriously, thank you so much for teaching how these connect together! Salute to you good sir!
Anyone notice that dude in the back right who kept a straight face the entire time
@trudi-annfrancis8157
4 жыл бұрын
Your observant
@castironstew803
4 жыл бұрын
I didn't notice that, but I went back to see. hahahaha
I have been struggling the past week with this topic. One part is my professor is foreign and hard to understand, but the other is he assumed we understood all of this and went over everything to do with cost curves in one day. Thank you for the video!!!
I strongly recommend these videos for anyone who is currently doing Microeconomics. They are very brief and yet extremely clear and insightful.
I'm from germany and I use your videos to prepare for finals. They are aboslutely amazing, thank you SO MUCH! :)
@JacobAClifford
8 жыл бұрын
+XXX You are very welcome
I don't know why people didn't appreciate your help! When it comes to quizzes and exams I always use your videos to revise. Thanks alot!
@JacobAClifford
8 жыл бұрын
+Nguyen Kelly Thanks for watching Kelly. Please subscribe and tell your friends about the channel
@nguyenkelly6588
8 жыл бұрын
(y) definitely
Thank You AC/DC Econ ....Learning economics without your videos is frightening
Brilliant tutor your energy keeps my attention alone. Much better than sitting in a lecture.
I'm glad I found your account. Crazy how so many years down the road these videos have proved to be extremely helpful still! You're awesome and make understanding concepts exceptionally easy. Going in to take my micro CLEP exam in a few days having primarily used your videos (along with modern states) as study material. Thank you so much!!
If you were my prof I would have a 4.0. You have a masterful way of getting me engaged and excited about learning economics! Keep up the good work :)
Given that these videos are freely avialable on the internet, why in the fuck am I spending an hour and 15 minutes of my life attending a lecture, when I can learn the same material in less than half the time. What the fuck bruh
@seanybravo
7 жыл бұрын
Not only that but youre also paying the lecturer
@ezzyb4994
7 жыл бұрын
seany bravo you are paying the school not the lecturer, school pays the lecturer
@cucumberishealthy9661
6 жыл бұрын
Can relate to that so much
Sir you are a life saver. I"m an online student so I don't have the blessing of being able to walk up and talk to a teacher like at a brick and mortar school. I was struggling for days with an assignment because I just wasn't understanding the text. After watching your video I have a clear understanding and realize this really isn't such a hard thing to do. Thanks so much!!
I cannot believe how microeconomics can actaually be pretty easy to understand with the right unstructor and the right visuals... As many can relate, I have learned more from you in this 5 min video than I have this whole month of school! THANK YOU SO MUCH!
You are a lifesaver, Mr. Clifford! I have a failed midterm on my hand but I have a good feeling that I'll master the final with the way you teach. SUBSCRIBED!
8 years later and still relevant, thank you for explaining
in 5 mins, I've understood more than 8 hours worth of in-class content. Thank you!
Omg, I’ve read this chapter 4 times in the last hour and didn’t get a thing. You explained it so well it all makes sense. Thank you! You deserve the Medal of Honor for saving my life and many others I’m sure.
This video taught me more about cost curves than 10 pages in my text book and 10 min uni lecture video. Life saver for my exam.
Why isn't this dude teaching at my university?
@paulh965
7 жыл бұрын
Jerred Rogero Because everyone will get A's and educational system don't want that to happen. Fucking stupid
@josh-z9u
4 жыл бұрын
I am a guy from the Philippines who loves to learn economics and boy I will pay this guy if I am a college dean of economics or business school or arts and science college.
Dude you are like the Messiah of Economics. Thank you so much. I appreciate these videos so much.
Lecturer spent like 2 hours on explaining this but non of it went into my head... but you are a god you made it seem easy and it turns out to be easy
The one dude in the back with a black t-shirt's reaction to the celebration tho.
@angeltjinae4180
5 жыл бұрын
He is just standing omg 😂😂😂
@andergutierrez6021
4 жыл бұрын
i saw it too its hilarious
God bless you, I'm so happy you were born.
@ys-kv3ug
3 жыл бұрын
lmaaaooo
it has been 4 years but your energy never gets old. coming from the future and i want to say that you're doing an amazing job even in future.
I have not taken a micro class in my life, but I take the AP exam for it in 2 weeks and I'm cramming for it using these videos. With videos like these, it doesn't seem so hard to understand. Thank you.
Thank you Mr. Clifford.. absolute life saver
@JacobAClifford
8 жыл бұрын
+JofaBucket You are very welcome. Are you excited about cost curves now?
Drinking game: Take a sip every time he says cost.
Learned more in 5 minutes than in 5 months of AP Micro. Most productive I have ever been on youtube! Thanks!!!!!!!
Thank GOD for this guy. You are a gift. You save many lives. Mostly thank you for making all the videos and taking your time to make them.
@streamcommerce1999
3 жыл бұрын
I also upload videos on Costing with Theories and Illustrations for students in English. Hope it will help you ❤️😊👍🙏 kzread.info/dron/zocU0DNOb8nu3NZxBQjdzg.html
You may have just saved me for my micro final! Thank you!!
reviewing your videos for econ101, enjoying them so much so far! thanks :)
I cant believe I've just found this resource 1.5 weeks before my 1st year final Economics exam! I might actually be looking forward to writing now! Life saver..
Mr. Clifford's videos are the only reason I'm getting through an online microeconomics class!!
the best contemporary economics guru..
I seriously hope you're making a ton of cash from KZread because you sir, are truly amazing.
I AM ABSOLUTELY STUNNED !! WHY DIDN'T I THINK OF KZread WHEN I WAS IN MY SENIOR YEAR!!
You are singlehandedly getting me through Microeconomics... and probably Macro next semester. Thanks for all your breakdowns!
0:17 the guy at Top Right corner seems very excited about Cost Curves .
@ayushisetia8372
4 жыл бұрын
lol...so true
0:17 dude in the far back left just standing there has me dead
@ayushisetia8372
4 жыл бұрын
lol...so true
You really are amazing at teaching this complicated subject. My professors for Microeconomics is terrible at explaining and implementing examples. I've learned more from you in these several minute videos, than from here after weeks of class multiple times a week.
I surely like your excitement about the cost curves. My wife and I enjoy your humor.
Talk about taking a quick revision. Bravo!
Spend the rest of my life with me Mr. Clifford.
@JacobAClifford
8 жыл бұрын
+Samuel J. Keslassy I'm married, but I'll keep you in mind just in case
@samuelkeslassy
8 жыл бұрын
+ACDCLeadership
@aishamaeancheta3049
3 жыл бұрын
@@JacobAClifford How will fixed costs affect your profitability in your enterprise?
@miriamminnesota1294
3 жыл бұрын
@@JacobAClifford 😳😂😂
dude u rock seriously you have no idea how much I love your videos, it literally saves my live and plus, it makes me enjoy economics soooo much, thank you thank you thank you I'm just gonna comment in all your videos sorry but u deserve it
Your videos helped me a lot to pass CIMA b1, now im preparing for the second one. Thank You for the great job You are doing, I wish I had the teachers like You in high school/university.
Thank you very much I greatly appericate all your hard work.
Thank u, u saved me from not knowing anything for my econs exam next week😂
Thank you for making Econ FUN! The blips of excited kids made me laugh out loud too - On to part 2!!
Now i understand marginal costs. Thank you 😀
Thank you for sharing!! your videos are easy to understand, very helpful your the best
@JacobAClifford
8 жыл бұрын
+mohamadou mouktar I'm glad that you like the vidoes. Be sure to tell your firends.
@mohamadoumouktar9808
8 жыл бұрын
okkkkkkk
This man is obsessed with pizza ovens.
@dadurie4850
5 жыл бұрын
How do u work out the variable costs?
Energetic professor who brings energy and made study interesting
5 years later and every econ teacher still puts ac dc econ in class! You changed the world
Your videos are super helpful. Thanks a lot!!!
@JacobAClifford
8 жыл бұрын
+Brianna Palmer You are welcome Brianna
I like this. You are a great teacher. Thank you.
@JacobAClifford
8 жыл бұрын
+Craig Oliver Thanks Craig. Please subscribe.
@craigoliver7330
8 жыл бұрын
I don't believe in subscriptions, but I will recommend you to friends
@alexmaschino3400
8 жыл бұрын
+Craig Oliver Well try to believe in them, because they're there
@craigoliver7330
8 жыл бұрын
Oh don't get me wrong, I obviously know they exist. However I don't believe in the idea of "subscribing" to a youtube page. For the videos that I appreciate and enjoy, I leave a like and a comment, however I, by no means, will sell my soul to them in the form of a subscription. No way Jose.
@craigoliver7330
8 жыл бұрын
That's the point Jordan. When I want to see Micro/Macro videos, I will search for them. I don't want them appearing on my main feed. I don't subscribe to anyone, therefore my home page is organic and forever changing with the pulse of my interests.
one more Economics Of Imperfect Labor Markets student that will pass the exam because of you. Thanks my man!
Thanks Mr Clifford, just bought your pack. Won't share but is highly appreciated. You're doing a great job, my sincerest gratitude!
I dono what I’d do without you Mark Cuban’s secret brother
Who’s watching this at midnight and have economics exam tomorrow?😂
I love you so much. I am currently taking a college level microeconomics course and the instructor is brutally over-complicating this topic. Thanks for providing the clarity, and keep up the good work!
these videos help me review so much in a few hours without even opening my book.
god bless this guy
One word...... Awesome
@JacobAClifford
8 жыл бұрын
+babar khurram Thanks
@babarkhurram1529
8 жыл бұрын
seriously dude. You just saved my finals :D
@JacobAClifford
8 жыл бұрын
I'm glad I was able to help. Good luck.
I don't know what I would do without these videos
You make microeconomics so much easier! This video just helped clarify a 2-hour lecture and helped clarify an assignment! Thank you!
0:17, lol, they are all good looking, selection much? and kudos to the not excited guy in the right.
lol one guy was all serious in the back.
THANK YOU SO MUCH FOR HELPING ME WITH MY LAST TEST! Literally saved my life and you teach better than my teacher.
Damn that guy is a genius ! He can teach me in 5min watch my econ teacher can't in 120 !!! Love it, great gain of time ! Lots of EHL students use that channel, you are helping lots of future hospitality leaders ^^
You look like Marc Cuban.
He's a great teacher but feels like bullet is coming out of his mouth lol
@MrD10e
7 жыл бұрын
flip it to speed 2 for a minute and then go back to 1.
University Micro life saver! Literally owe my marks just too you, my professor likes to make things seem harder then they are! ROCK ON MR CLIFFORD!
This video is so clearly and simply explained, it even made sense to a total Micro/Econ novice such as myself. Thank you for presenting a explanation I can finally understand! Bravo.
PHILIPPINES LOVE YOU SIR!!!!!! WE ARE LEARNING A LOT FROM YOU!!! pleaseeeee pleaseeee pleaseeee continue making more videos
you are the reason I'm passing microeconomics I think I love you.
I have been straggling on how to work out these costs, but after watching this video everything is now smooth for me. Thank you Sir🙏
you are the best eco teacher i have ever seen you taught me in 5 min oh my Gosh you did a great job a million thanks
Although youre talking fast, i understand the calculations youre explaining. The way you explain it is a very good break down. And explaining how you get the break down of the numbers is very good. Thank you.
I'm not a student studying economics in a formal way. I took up science throughout high school and I have an exam next month which has a portion of economics. This is helping me so much. Thank you for making this fun to learn, even for a person who has never touched it before.
I like how every time i search for an economics-related topic on KZread this dude shows up
I dont understand anything what my college professor teaches . But after watching your videos I have learnt alot of concepts...Thank youou so much!
lucky are those people who accidently came across your video. Thanks man you are doing a great job.
bro is wearing an AC/DC belt and teaching like a metalhead, ROCK!!
I like how in your videos, I don't need to up the playback speed like 100% of other channels.
I taught me more in 5 minutes than my teacher has in a month. GOD BLESS YOU❤❤❤❤❤