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The "Shut-down Rule" - When should a firm shut down in the face of economic losses?
Рет қаралды 138,219
Күн бұрынThis lesson illustrates two situations in which a firm in a perfectly competitive market is earning economic losses. In one case, the losses are less than the firm's total fixed costs. In another, the firm's losses exceed its fixed costs, meaning the firm is better off shutting down.
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...
@sahb8091 10 жыл бұрын
You are genuinely a fantastic teacher.
@kaysengriffin6522 3 жыл бұрын
instaBlaster
@nannybannany 12 жыл бұрын
This was so incredibly helpful. I'm taking my Econ class online and seeing this in a moving picture with lecture works a lot better than me solely reading the book and looking at graphs. =) Thank you!
@amritaverma2541 10 жыл бұрын
HOW CAN YOU BE SO AWESOME AND LEGENDARY AT THE SAME TIME!!! THANKYOU SOOOOOOOOOO MUCH!!!!!
@QueenCarryOn 10 жыл бұрын
You're a legend. Helped me work out the shut down point for pretty much any market structure :)
@lJADU 10 жыл бұрын
Amazing. Simply amazing. You explain it so much clearer than my lecturer/textbooks. THANKS!
@brendanownsu 8 жыл бұрын
helping me study for my final tomorrow jason!
@briansibusisomahlangu 9 жыл бұрын
This is excellent!!! Explains better than the textbook I'm using. Very helpful
@enockmasiyazi8135 10 жыл бұрын
that is an exceptional lecture
@nathankapsimallis1677 7 жыл бұрын
Your Videos are sensational, So much easier to understand thank you!
@sspgpsling 12 жыл бұрын
OMG! it's AWESOME! you pointed out a really really important concept with total fixed cost.. i really appreciate it... it helps me a lot! thank you so much !! thank you!! you are a great teacher :)
@clairedougherty1687 4 жыл бұрын
jason welker my king
@jyothihanumantha2240 2 жыл бұрын
lifesaver. Great video! Thank you.
@hammadshaikhha 12 жыл бұрын
This video was AMAZING! explanation of the shut down rule, thank you!
@musiyi51 5 жыл бұрын
Very clear explanation! Thank you so much
@chanpuiyu2000 10 жыл бұрын
Thank you so much, you are a good teacher!!
@princekangwa3232 3 жыл бұрын
helping me prepare for my test tomorrow
@essamhassan7943 3 жыл бұрын
Great effort , thanks
@user-tw3tr6zw6x 6 жыл бұрын
you speak very well and I can understand graph
@priyankam2449 7 жыл бұрын
This video has helped me a lot! Thanks!
@ruchen8507 7 жыл бұрын
Clearly explained. Thank you!
@karlismeiers6078 8 жыл бұрын
Shit, you might just be the reason why I pass Micro, thanks a lot!
@truman5560 4 жыл бұрын
What if the marginal revenue curve passes through the intersection between AVC and ATC curve? does the firm shut down or remain in business?
@justinwelte8668 9 жыл бұрын
you da nigga mr walker THANKS
@jeronimom1593 4 жыл бұрын
Turned up hard to the intro music, great video!
@lufeiwang4538 6 жыл бұрын
It is a good explanation I can help review ,thank you
@ll6257 4 жыл бұрын
Thank you!!!You helped me a lot!!
@JunaidAumi 8 жыл бұрын
does anyone know what software jason uses here?
@christinechristine6102 6 жыл бұрын
Excellent! You and you teaching are! :)
@mohammedhussein9281 8 жыл бұрын
when will a firm earn a profit or incur a loss in competitive market? please answer me as soon as possible
@HowTo-jp3tl 3 жыл бұрын
In short run, if price < AVC then shut down. In long run if price < ATC then shut down. Am I right?
@suryakk2502 3 жыл бұрын
Yes👍
@50nya 6 жыл бұрын
Thank you, you're the best!
@fruitcupsandorangejuice Жыл бұрын
thank you
@amyd4366 8 жыл бұрын
Thank you!! super helpful!!
@judehzeyad9002 9 жыл бұрын
Thank you
@smileyyan1085 9 жыл бұрын
This has helped a lot,thanks! :D
@AbrahamSalazar210 7 жыл бұрын
Great content & very well explained. +1 subscriber
@hathawayamato 9 жыл бұрын
Thank you!
@mansinegi6672 6 жыл бұрын
Why firm suffer loss because of high cost production can some one explain this to me
@sthembelehlongwane4719 7 жыл бұрын
thank u, this really helped
@mmmmmmmmmmichelle 9 жыл бұрын
This is amazing
@gelo5 8 жыл бұрын
it's best it makes me to know more
@abdullahal-hazzani9882 7 жыл бұрын
thanks
@WhiteLightbd 10 жыл бұрын
thanks a lot... it was perfectly clear... :)
@Phazratali786 7 жыл бұрын
nice sir
@cobynmurphy4599 5 жыл бұрын
one step at a timee
@SelfStirringPot-com 11 жыл бұрын
I earn 2 million profit but 0$ economic profit each year. I am leaving the market. Am I (a) a socialist (b) kicked in head by mule (c) follower of Keynesian economics (d) run a government owned company (e) all of the above
@astonmargolis-dias7089 10 жыл бұрын
maaan i wish there were more pretend numbers
@selbymasekela 10 жыл бұрын
Thank you
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