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Short Run Cost Curves | Think Econ
Рет қаралды 28,086
Күн бұрынIn this video we explain the short run cost curves. This includes the average variable cost (AVC) , averaged fixed cost (AFC), average total cost (ATC), and marginal cost (MC) curves. Not only do we review how to read these curves on the graph, but we also show you how to use these per unit costs to calculate the total costs!
@ThinkEcon Жыл бұрын
If you found this video helpful, consider subscribing to the channel to see more education econ content just like it! :)
@marina-ie5bo 9 ай бұрын
Well, it really helped me to understand this topic before my test 😅 Thank you for the video!
@ThinkEcon 9 ай бұрын
I'm glad you found it helpful :)
@owenthomas3621 Жыл бұрын
Great video
@nguyentuananhphan8644 7 ай бұрын
Thank you, sir, your videos help me review for my exam so well! God bless you!
@ThinkEcon 7 ай бұрын
I’m glad you find the videos helpful! :)
@__Trident 9 ай бұрын
The video is english makes me in little bit trouble😅 but it helped me 😊 Thanks _❤🇮🇳_
@ThinkEcon 9 ай бұрын
I am glad this was helpful!
@ruwankuruppu5489 Жыл бұрын
Really a useful video
@ThinkEcon Жыл бұрын
I'm really glad to hear that :)
@franb22 Жыл бұрын
I kinda got lost in the middle part of the video but i guess this can be used as a template of individual costs, no?
@ThinkEcon Жыл бұрын
Individual firm costs, absolutely!
@franb22 Жыл бұрын
Awesome 😎
@mm6461 Жыл бұрын
@@ThinkEcon is this a Canadian video, due to the use of Ootput eh?
@ThinkEcon Жыл бұрын
@@mm6461 Yep, Canadian here, born and raised.😅😂 Is it that obvious?!
@mm6461 Жыл бұрын
@@ThinkEcon this is great content. Keep it up 👍
@lottelarsen2736 9 ай бұрын
Can you make a video on long run cost production?
@voltagetv4908 9 ай бұрын
Everyone says "due to the laws of diminishing returns" when explaining marginal cost, nobody new that wants to learn from this video understands that, go in depth and explain what the law of diminishing returns are and an example.
@ThinkEcon 9 ай бұрын
That's a great idea. Now the law of diminishing returns on it's own is a quick concept to cover, but I think I can make a video that will clear up any confusions or uncertainties people have about it. Once again, great idea. Mind if I shout out this comment when I make that video?
@voltagetv4908 9 ай бұрын
@@ThinkEcon Yes absolutely I don't mind, maybe a video discussing commonly used phrases like that in economics as a whole with examples would be great.
@nelisafreitas739 7 ай бұрын
You are brilliant and thank you
@ThinkEcon 6 ай бұрын
@nelisafreitas739 I appreciate the kind words 😊
@khadijahamid6905 10 ай бұрын
thanksssssssssss
@ThinkEcon 10 ай бұрын
No problem!
@hilwaamanamankiyar-pp5bf Ай бұрын
ONE
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