Short-Run Costs (Part 1)- Micro Topic 3.2

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Күн бұрын

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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@benvh101 8 жыл бұрын

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

@ahlulhadith6367 8 жыл бұрын

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 10 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.

@nataliebalents8658 7 жыл бұрын

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 5 ай бұрын

Hi jacob, this is my first video. So far, good experience.

@TheMusicH2O 9 жыл бұрын

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...

@earth20331 7 жыл бұрын

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?

@wrayy10 7 жыл бұрын

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!

@jameslewis7167 4 жыл бұрын

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

@user-eo6bx9zf4k Жыл бұрын

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!!!!!

@janinekoslow9227 8 жыл бұрын

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

@Jasuke21 7 жыл бұрын

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?

@bradleypetrie3233 9 жыл бұрын

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 10 ай бұрын

He’s in twice.

@10di_livefree 9 жыл бұрын

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.

@amihov 8 жыл бұрын

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!

@analiza4398 6 жыл бұрын

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

@eliasdearte1804 24 күн бұрын

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!!

@JambeeEnglishSchool 6 жыл бұрын

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.

@dannyholley 9 жыл бұрын

1,000 times more graspable than my microecon textbook. Well done and thanks!

@brettstefanishin574 8 жыл бұрын

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 :)

@Apeeization 7 жыл бұрын

I strongly recommend these videos for anyone who is currently doing Microeconomics. They are very brief and yet extremely clear and insightful.

@_WithLoveLadyM_ 5 жыл бұрын

Thank you so much Mr. Clifford. I have been struggling with cost theory for a month now, and I decided to focus and watch your video and i am so amazed at how much I've learned

@katefrump5377 6 жыл бұрын

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!!!

@sp___183 6 жыл бұрын

Thank You AC/DC Econ ....Learning economics without your videos is frightening

@yagmurunal99 6 жыл бұрын

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.

@MrRemdawg17 7 жыл бұрын

This video helped me so much! I'm in college taking a micro course and my professor makes this particular chapter so confusing and hard to follow, yet this 5 minute video managed to clear everything up. You're a lifesaver! Keep up the great videos man!

@XXX-nz7xd 8 жыл бұрын

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

@devtech1000 6 жыл бұрын

Drinking game: Take a sip every time he says cost.

@It_B3_Like_That 4 жыл бұрын

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.

@karlotinatinatina 8 жыл бұрын

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!

@PolkaDot8721 8 жыл бұрын

reviewing your videos for econ101, enjoying them so much so far! thanks :)

@jaberooney9398 7 жыл бұрын

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

@mm3111_3 6 жыл бұрын

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

@music556 7 жыл бұрын

You make microeconomics so much easier! This video just helped clarify a 2-hour lecture and helped clarify an assignment! Thank you!

@SubjectSwag 7 жыл бұрын

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

@JerredRogero 7 жыл бұрын

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

@isaacjoshuaaganon9337 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.

@trlycrlym7768 Жыл бұрын

I think what really makes these videos work is how positive he is, it makes me feel less afraid to try

@mikegaj12x 5 жыл бұрын

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!

@nguyenkelly6588 8 жыл бұрын

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

@Jonnette17 9 жыл бұрын

You may have just saved me for my micro final! Thank you!!

@jessascott4047 8 жыл бұрын

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.

@danielsloan20 9 жыл бұрын

Brilliant tutor your energy keeps my attention alone. Much better than sitting in a lecture.

@kabelomatlou6718 2 жыл бұрын

8 years later and still relevant, thank you for explaining

@PHOEBEE69 6 жыл бұрын

I seriously hope you're making a ton of cash from KZfaq because you sir, are truly amazing.

@sljwilson3861 7 жыл бұрын

Grateful that you share your passion and love of teaching with all of us. I wish you continued growth and success!

@kingpappano3550 8 жыл бұрын

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!

@safvixix3214 9 жыл бұрын

Talk about taking a quick revision. Bravo!

@broosterbrooster 9 жыл бұрын

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.

@nkosibaptiste6489 5 жыл бұрын

Dude you are like the Messiah of Economics. Thank you so much. I appreciate these videos so much.

@lucselis5868 6 жыл бұрын

Thanks Mr Clifford, just bought your pack. Won't share but is highly appreciated. You're doing a great job, my sincerest gratitude!

@Madshank 9 жыл бұрын

the best contemporary economics guru..

@JofaBucket 8 жыл бұрын

Thank you Mr. Clifford.. absolute life saver

@JacobAClifford 8 жыл бұрын

+JofaBucket You are very welcome. Are you excited about cost curves now?

@jsels777 6 жыл бұрын

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.

@HowDoesFrankyEven 5 жыл бұрын

You are singlehandedly getting me through Microeconomics... and probably Macro next semester. Thanks for all your breakdowns!

@zackc8705 9 жыл бұрын

Thank you very much I greatly appericate all your hard work.

@bettyagajyelleh8043 5 жыл бұрын

0:17 dude in the far back left just standing there has me dead

@ayushisetia8372 4 жыл бұрын

lol...so true

@jakecaskey7641 9 жыл бұрын

Learned more in 5 minutes than in 5 months of AP Micro. Most productive I have ever been on youtube! Thanks!!!!!!!

@AGTxCraziex 7 жыл бұрын

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!!

@goldenskal 8 жыл бұрын

God bless you, I'm so happy you were born.

@ys-kv3ug 3 жыл бұрын

lmaaaooo

@d_4_deadpool__209 4 жыл бұрын

0:17 the guy at Top Right corner seems very excited about Cost Curves .

@ayushisetia8372 4 жыл бұрын

lol...so true

@KayaEsp 5 жыл бұрын

Thank you for making Econ FUN! The blips of excited kids made me laugh out loud too - On to part 2!!

@mokisalazar6419 7 жыл бұрын

Thank you so very much, your videos helped me to visually understand what my textbooks are not explaining. I may not delve to become an economist but I can certainly learn the meaning and differences of what in entails. These videos have explained more to me than my classes or my textbooks. Thank you again and Aloha!!

@briannapalmer8907 8 жыл бұрын

Your videos are super helpful. Thanks a lot!!!

@JacobAClifford 8 жыл бұрын

+Brianna Palmer You are welcome Brianna

@mohamadoumouktar9808 8 жыл бұрын

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

@joasante1672 3 жыл бұрын

Honestly, I am feeling somewhat relieved watching this. My MBA lecture notes is making nay sense.

@kululu4413 7 жыл бұрын

Thank you so much. I remember watching this while I was preparing the AP exam, Now I am taking college course and your videos still helps me a ton like before. Much love to you

@minhngo9833 8 жыл бұрын

god bless this guy

@samuelkeslassy 8 жыл бұрын

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 😳😂😂

@olagrygorova8214 6 жыл бұрын

I definitely learned more from him, than I did in my classes! Thank you so much for doing this amazing tutorials!

@lebomhlanga261 3 жыл бұрын

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 ❤️😊👍🙏 kzfaq.info/love/zocU0DNOb8nu3NZxBQjdzg

@juneyang1671 7 жыл бұрын

Thank u, u saved me from not knowing anything for my econs exam next week😂

@kristinpartlow2163 5 жыл бұрын

This man is obsessed with pizza ovens.

@dadurie4850 5 жыл бұрын

How do u work out the variable costs?

@LifeIsSuperCool 5 жыл бұрын

in 5 mins, I've understood more than 8 hours worth of in-class content. Thank you!

@jacquelineannemortlock7134 8 жыл бұрын

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..

@craigoliver7330 8 жыл бұрын

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.

@steven_king 5 ай бұрын

I dono what I’d do without you Mark Cuban’s secret brother

@victorsierra4918 5 жыл бұрын

You are my new best friend! Thanks for these, I've been struggling all semester!

@jjbotha6242 3 жыл бұрын

I surely like your excitement about the cost curves. My wife and I enjoy your humor.

@babarkhurram1529 8 жыл бұрын

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.

@mmaGambit 8 жыл бұрын

lol one guy was all serious in the back.

@paolasalcedo1271 7 жыл бұрын

I love you!!!!!!! Thank you so much for your time and dedication by creating this videos. You make the material very easy to understand!!!!!!

@theemptyhearse2207 5 жыл бұрын

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.

@CastelDawn 9 жыл бұрын

0:17, lol, they are all good looking, selection much? and kudos to the not excited guy in the right.

@hteiktinminpaing3481 6 жыл бұрын

You look like Marc Cuban.

@_Kid_98. 2 жыл бұрын

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🙏

@kelseyjohnson6421 7 жыл бұрын

You are absolutely incredible! You save me so much time and make it super easy to understand and apply!! Will recommend to all my friends!! Thanks a million....

@wendymadzhie3878 Ай бұрын

Who’s watching this at midnight and have economics exam tomorrow?😂

@paulh965 7 жыл бұрын

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.

@amandalouise2660 4 жыл бұрын

THANK YOU SO MUCH FOR HELPING ME WITH MY LAST TEST! Literally saved my life and you teach better than my teacher.

@haimanotmekedese9006 2 жыл бұрын

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

@TheRoughjeans 8 жыл бұрын

these videos help me review so much in a few hours without even opening my book.

@penguiniprincess24 9 жыл бұрын

These videos are PERFECT for helping me study for my CLEP microeconomics exam! Thank you!

@alicias.7551 8 жыл бұрын

I can't thank you enough for these videos. Keep on rocking Mr. Clifford!!

@camilaperez2224 2 жыл бұрын

I had been struggling in my class until I ran into your videos! they are extremely helpful, thank you so much.

@alexanderdecebal-cuza3577 5 жыл бұрын

You are the best Economics prof ever. your work is truly appreciated ~

@zarubaw 2 жыл бұрын

I learned more from your video than I did in my class online. Thank you so much for taking the time to explain.

@Wesley-xn2dl 4 жыл бұрын

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

@jyotigurjar9974 4 жыл бұрын

Best explaination in less time ! Such a great help by you sir during my exam time.

@Theroadneverending 4 жыл бұрын

Thank you for these videos. I have a big test tomorrow and instead of her study guide I’m using yours because your energy keeps me focused

@tysoncrystal1060 3 жыл бұрын

Mr. Clifford's videos are the only reason I'm getting through an online microeconomics class!!

@raymondshamsher9052 5 жыл бұрын

You're an economic god. Finals are coming up and your videos are helping me study and learn all concepts i missed out. Thank you so much.

@davidrosic6589 6 жыл бұрын

This is honestly such an amazing channel thank you so much man, I love you