Not only did I learn about Fixed, Variable, and Marginal Costs but also learned how to use Excel lol

This is literally the help that I needed that I did not get in my class. This video has truly taken the frustration out of figuring things out by myself!

this has potentially saved me for my exam tomorrow, thank you@!!!

Awesome lesson. I have a microeconomics test in the morning exactly about this. Thank you!!

"i'm having issues here" - quote of the year

Thank you! You're really good at explaining things! I came to learn Econ but I also learned some Excel tips too.

wow wow I literally enjoyed this one...Thanks.

👏 thank you! Bravo! Finally starting to understand

umm...

Wow, amazing video. Can you do some business videos, since you have MBA?

Would it be possible for KhanAcademy to make a video series on using Excel? :) Thanks!

Dear Friends, I have 2 questions: 1/ In a promotion program (buy 3 product A and 2 product B then customer will rebate to 5000 USD). Question: I want to calculate the break-even point of this program, what are the variable and fixed costs?. 2/ With the long-term business strategy, I think we should do the business process is: Step 1: The Board of Director (BoD) write the long-term strategy. Step 2: The Departments (exclude financial) will be write the plan of each SBU (Strategic busines unit). Step 3: The Financial department write the financial plan (OPEX plan and CAPEX plan, bank loan, M&A transaction) Step 4: The BoD review and feeback, the departments modify and re-submit. Final, the BoD approve. Step 5: The company execute and review the final result. How do you think?. Thank you.

Lines of code is quantity

I'm glad I actually already knew this

How can i calculate the Variables Costs and Marginal income

My only observation is that the second,and maybe and third, added worker should have made the total product greater than what two workers can produce by themselves, to show the synergy effect, which is more realistic. Then the total product can go down as we add more workers to come back to the scenario you're following. What I am saying is there is a little step in the scenario that's skipped, probably for the sake of simplicity. Other than that, excellent video, helped me a lot !

It was awesome! Really helpful specially for people like me, who are from Sc. background!

are you making the fc and the vc up?

THANK YOU SO SO MUCH FOR THIS!

praying i pass this next microeconomics exam. if i fail this, then i fail the class, gonna take macroeconomics because i went into micro without knowing what it consists of. I'm a software engineering major.

How can I calculate fixed cost and variable cost if I only have quantity and total cost!!??

Looks like hiring 3 people or hiring 7 people are the most efficient options for low-budget/output and high-budget/output respectively.

@FrankiePoker thanks. I'm watching that playlist now, and it's very good.

I am still confused. First, you said add...then you said to multiply. Please make this less confusing.

if im only given units(output) column. and total cost column, all other columns are empty. and they say calculate marginal cost, average fixed cost average variables and average total cost. eg. output is 4. total cost is 220

awesome video very easy to understand

This is actually funny that I learned it pretty much the same way at school. This is normal since economics is a science I guess :p

how do you assume the variable cost? None of the problems we are doing do we get to assume that number.

As a CS major, seeing lines of code equated to productivity is nightmare fuel haha. Great video though!

Very useful, thank you.

@Emeengor its obvious if someone hits another person with their car that the driver will be liable but it's still covered when you go to law school... As this, it also needs to be covered.

Thanks Khan

I think it's an output since it's the programmers' combined productivity.

Thank you

Awesome, but waht about physical product? Average product, average total product, total product, marginal product?

still don't understand about Variable Cost ! " Well, Let's just say that the full compensation for a programmer is $10,000 a month." Why $10.000 a month ??? saying for fun ? lol please explain this ! pleaseeeeeeeeee

please give a simple example.....

@Emeengor I sometimes wonder how is that not easy to do, but I think it gets much harder when you get to the higher levels

🙏🏼really helpful!

1st its was a typo... 2nd I am not a native english speaker nor do I live in an english speaking country....

@Emeengor Yes, people unfortunately need to be taught obvious things such as how to spell.

??i thought quantity should be the number of programmers instead of lines of code

so what if variable cost is missing and all the data is given? what's the formula for that?

great video!!!

thanx

Great video!!!

i still don't understand

@PSPhacking2009 Yes Bangladeshi Father and Indian Mother

or is it Total Product ?

From where 10000 amount came to used in variable cost?

THANK YOU!!

So lines of code is basically q or unit of output?

why would lines of code go down with more programmers :X

Does productivity come into play and how

Would adding that 8th person create what is called a dis-economy of scale? (I'm learning and considering taking undergrad econ. Currently have a French degree that sincerely enriches my impoverished life.)

where'd the fixed cost come from

what is "lines of code per month" ? is it an input or output ?

sorry i hate to sound like a smarta55 but is this really considered to be a science? and do people really need to get tought these obvious things?

All I could think about was how he sounded like Brendan Fraser haha

Beautiful! Thanks so much.

what, i didint know you thought business lessons

why 15000

lol "varilbe"

Too fast,,,,,

3:00

wow i like that little snowflake

cool story bro, nobody cares