Long-run Average Total Cost and Economies of Scale

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Long-run Average Total Cost and Economies of Scale

Рет қаралды 82,423

Күн бұрын

This lesson distinguishes between a firm's short-run average total cost and its long-run average total cost, and explains how economies of scale may help a firm achieve lower average costs as it increases its output in the long-run.
Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! econclassroom.c...

Пікірлер: 42

@robbyjones8906 9 жыл бұрын

Jason Walker you're the man, going to make me pass my Econ exam worth 30%, thank you for doing what my econ teacher could never do... teach me

@Bentami 4 жыл бұрын

I like you Mr. Welker, nice concise explanations. My $100+ textbook cant explain it at all. I always end up back here where your explanations instantly click.

@amirestebari1470 6 жыл бұрын

Wow..I had a lot of difficulty understanding Long-run ATC before watching your video. But now, it is super clear for me. Thank you!

@daryagholami9725 4 жыл бұрын

this topic was perfectly clarified for me thank you Mr Welker

@enragedenglish 2 жыл бұрын

Wow that was such a good clear explanation. THankyou so much!

@freddyflores6608 5 жыл бұрын

Great work, you know when someone has expertise in its field.

@szhaloyu Жыл бұрын

Thank you so much! This cleared all my doubts on LATC

@evangelisttbere 3 жыл бұрын

A great teacher. i was struggling

@Team4640 10 жыл бұрын

you are the best jason walker!!

@vinayak186f3 3 жыл бұрын

One word - AWESOME🔥🔥🔥🔥🔥 , Thoroughly enjoyed the lecture , thank you 👍

@anupamagopinathan2507 7 жыл бұрын

You are amazing. Thank you for this especially for the historical example!!!

@waqasahmad6111 5 жыл бұрын

Thanks for lucidity of this topic. Thank you very much again

@realdvgarg 4 жыл бұрын

I hope my IB Econ paper is marked by you (if you're an IB Examiner) because I'll know it's in the right hands.

@medobahri6177 4 жыл бұрын

thank you very much this will help me pass my exam

@sumanthadlagatta 9 жыл бұрын

very much thanks to the jason I understood very well about this topic after listening to this video

@nitikadesai7976 3 жыл бұрын

Thank you, the video is as awesome as you are

@keotshepilemandona9882 6 жыл бұрын

wow with your videos i understand better ..because once i using a textbook it took 2 hours to cover this work ..but noe am good

@amandagezahegne7038 4 жыл бұрын

you are awesome!!!!!!

@saimakhalid8076 8 жыл бұрын

every time when I watch ur videos jason to clear all of my concepts the starting song always force my children to dance...

@ingays 12 жыл бұрын

Great video! It was very helpful thank you

@akankshagupta5494 4 жыл бұрын

thank you Jason :)

@AnaGraceSaab 10 жыл бұрын

jason, i do appreciate most of your videos but i need to clarify something, base on the above video, economies of scale/diseconomies follows increasing returns to scale/decreasing returns to scale?as i've known, the former measures cost and output and the later relates inputs to output.

@iffahsamsir4396 6 жыл бұрын

Omg youre a life saver ! Thankyou so much 🙆‍♀️🙆‍♀️🙆‍♀️🙆‍♀️🙆‍♀️🙆‍♀️🙆‍♀️

@021aminul 2 жыл бұрын

Damnn!! You're so awesome!! Thank u so much❤️

@saimakhalid8076 8 жыл бұрын

hello Jason thanks for ur response.I am preparing for a competitive exam and I need ur help to clear my concepts.can u please explain the revealed preference theory in detail through a video.

@cahi8501 4 жыл бұрын

Me welker, you're really good.

@SaggRonn 11 жыл бұрын

veryyy helpfull indeed! i dont even feel the need to go to classes anymore! LOL

@abdimajidogle9439 8 жыл бұрын

Thanks you jason

@skyzoom2488 7 жыл бұрын

Great.

@000grga000 12 жыл бұрын

The video is pretty good,but in my book (Pindyick & Rubinfield) they explained that: Inreasing returns to scale-output more than doubles when the quantities of all inputs are doubled Economies of Scale-a doubling of output requires less than a doubling of cost It's not the same