Y2 2) Fixed and Variable Costs (AFC, TFC, AVC)

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5 жыл бұрын

Y2 2) Fixed and Variable Costs (AFC, TFC, AVC, TVC). Everything you need to know regarding Fixed and Variable Costs (AFC, TFC, AVC, TVC)
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@chloeloveseverything Жыл бұрын

helped me during year 12 and still helping during my first year Econ degree. I love u. keep posting.

@rosahu8826 2 жыл бұрын

omg the AVC explanation blew my mind- no teacher has ever explained it with law of dimishingreturns it makes so much sense holyyyy

@Shake.-.it._.off- 2 жыл бұрын

You are literally such an AWESOME GABULOUS WONDERFUL teacher and I'm so glad u posted these videos. They're literally SOOSOSOSO helpful. Would've failed if it weren't for u. Ur literally the best teacher ever I wish u were my teacher ur literally so awesome psllsls continue posting these videos they're sosososoos helpful and ur j so pure and ilysmm thank youu

@UTK37 Жыл бұрын

gay

@ubahjama3100 9 ай бұрын

brazy d riding from him icl@@UTK37

@mohamedadan5462 9 ай бұрын

D riding is brazy

@Daffolill Жыл бұрын

Your such a good explainer, now I won't have any problems in drawing TFC & TVC diagrams

@anassiddiqui6846 5 жыл бұрын

AMAZINGGG WORK DAL, LUV YOUU!!!!

@Levendo 3 жыл бұрын

Thank you for these videos. They're super helpful for my studies.

@thariq__rafiq 2 жыл бұрын

Thank you for these videos!

@jolt09l 5 жыл бұрын

This is soooo timely you have no idea - THANK YOU

@minovercovermcr 5 жыл бұрын

will this help for CIE?

@minovercovermcr 5 жыл бұрын

i have no idea whats the difference between Exdcel and CIE and Alevels? ugh

@blitzbrawl8641 4 ай бұрын

@@minovercovermcr L

@MuhammadWaseem-pe7mu Жыл бұрын

Thank u for being such a nice teacher 🧑‍🏫

@fionaellen9425 3 жыл бұрын

this is so helpful!! thank you so much:))))))))))

@dlind36 4 жыл бұрын

fabulous teacher

@tedoliver1587 5 жыл бұрын

love the vids bro they really help me when revising for my up coming a levels

@lorddan8987 Жыл бұрын

im in your walls

@abdirahmanmumin Жыл бұрын

What did u get

@charlieh2088 5 жыл бұрын

econplusdaddy

@nisadisadeera8675 3 жыл бұрын

Thank you sooo muccchhhh!!! :)))

@jiggybeats9935 2 жыл бұрын

whoever has this guy as their teacher is guaranteed an A*

@digbijaybasnet6839 4 жыл бұрын

u a real g

@MC10W 4 ай бұрын

So does this oinly refer to csots thatoccur in th short run>??? Thanks.

@dalma.peller 5 ай бұрын

Thanks dalll

@luckylookz_n00b77 5 жыл бұрын

@minovercovermcr 5 жыл бұрын

wil your vids help me in CIE may june 2019? im giving Economics A2. i got D in AS because i wasnt prepared at all. I am planning to buy your 2nd edition and do my best practicing and all. but will it help me cause im doing CIE.

@TheGogunit 5 жыл бұрын

Siddhartha Mishra Official check your exams specifications

@felixschuster2532 5 жыл бұрын

oh yeah yeah thanks a lot for the vid

@_JXB94 5 жыл бұрын

Yes lad

@adeeprai7542 3 жыл бұрын

can someone tell me the difference between the law of diminishing returns and the law of diminishing marginal terms in the most simple way possible. Thank you

@rahatahmed703 3 жыл бұрын

Is it not the same thing?

@mehul7041 4 жыл бұрын

Can anyone tell what exactly is short, medium and long term ? ( in terms of number of years)

@eliopalombi 4 жыл бұрын

mehul jain It depends, but I can give u an example. For land, usually a business must give a notice in advance that they are going to close down. If, for example, they decide to close down today, they will still have to pay rent for the next 6 months (depends on the contract). For capital, it is a lot more variable. However, it takes quite a bit of time to buy machines, so possibly something like 2-3 months.

@kaibaing4288 3 жыл бұрын

Is "Total variable cost" affected by law of Diminishing returns or is it only the "Average variable cost" which is affected by law of Diminishing marginal returns? 🙏 Someone please reply

@9I09I90 Жыл бұрын

TVC is affected by the law of DMR and so as a result AVC is also affected by the law of DMR

@user-gj4zg4tj3w 4 жыл бұрын

are diminishing returns a diseconomy of scale?

@AS-ie3lf 4 жыл бұрын

Y s Diminishing returns is a situation that occurs only in the short run. Diseconomies of scale is the disadvantages a firm reaps due to its growth, which occurs in the long run, so no. But that’s a great question.

@user-gj4zg4tj3w 4 жыл бұрын

@@AS-ie3lf ah yeah because in the long run a firm wouldn't have diminishing marginal returns as they can increase land which is fixed only in SR and is the source of diminishing marginal returns right? Thanks for replying!

@AS-ie3lf 4 жыл бұрын

Y s exactly 👍 and no problem

@kaibaing4288 3 жыл бұрын

Is "Total variable cost" affected by law of Diminishing returns or is it only the "Average variable cost" which is affected by law of Diminishing marginal returns? 🙏 Someone please reply

@muhammadidress5315 4 жыл бұрын

How to calculate TVC if I have total fixed cost ?

@muhammadidress5315 4 жыл бұрын

@@z1957 Thanks

@ottiebreen3259 5 жыл бұрын

is that AFC supposed to be a straight line or is it a curve

@Alexanderplayle121 5 жыл бұрын

it's curved because fixed costs (for example rent) is being spread out over more output (goods produced). e.g: say rent is £100 if u produce 1 good, Fixed cost=£100 if u produce 5 goods, Fixed cost=£20 if u produce 10 goods, Fixed cost=£10 remember in the video: AFC = TFC / Q (output) and if you plot them on the graph with the correct axis, you'll see that it's naturally curving.

@kaibaing4288 3 жыл бұрын

Is "Total variable cost" affected by law of Diminishing returns or is it only the "Average variable cost" which is affected by law of Diminishing marginal returns? 🙏 Someone please reply @alex playle

@byzr6720 3 жыл бұрын

@@kaibaing4288 do you still look for the answer?