ye I'm sure u getting 96%

Jhoot bolo .... Baar baar jhoot bolo

@@umerjawwad6085 😂😂😂😂😂

how long did it take

You're right

how'd it go

@@dydx8407 He got me an A 🐐

@@ertuspenta only guy ever to respond to that question

did u do practice papers too?

@@rheaaletta ofc he did u can't skip that step mate

How was it?

@@MrDanMasterfr I be panicking

@@MrDanMaster 75% grade. thank God. dude is a lifesaver. 😆🔥

swear down cuz?

Same, hopefully

What did u get

@@bw8750 what did u get

hullo big boy do some work now ples

@@georgebrand9325 Excuse me enough of that you runt

@@na.a8646 NO SHUTUP

@@georgebrand9325 oooo big MAN

@@na.a8646 so what grade did you get?

principle agent problem is between the owner/ceo and the managers, shareholders will benefit from growth but the growth will be limited by imperfect information

Literally thought the same, I think he meant limit pricing

You're correct. That's the only thing wrong in this video. It's just that predatory pricing doesn't have a precise definition. Any time you charge a lower price to kick out competition it can denoted as predatory pricing.

Limit pricing is AC = AR. Predatory pricing is charging lower than AC (ATC) but higher than average variable cost (AVC)

yes, rev max is mr=0 (don't look at AC)

Because it would cause oversupply wouldnt it ? Therefor not being allocatively efficient.

@@lampofthestreet Please explain, also why does MC curve represent supply?

That's not what allocative efficiency is, P=MC because price is society's measure of the relative worth of a product at the margin or its marginal benefit.

@@supertrainmaniac Ok thank you

MC=MR=AC=AR shows economic efficiency

Yes MR > MC is good as you said but at the point (like any point on the MR curve to the left of the MR =MC point) means there's more quantity we can exploit meaning each extra unit will bring in more revenue then costs. Imagine you were at around the top of MR curve your costs are e.g. say you had a T shirt business which cost £20 to make and the price your selling at is £50, yes your making a profit (£30) but would you stop there knowing you can make even more profit if you e.g. sell a t shirt for a bit less, let's say £40 now (hence you've moved down the MR curve, but still before the point MR=MC) and your costs remain constant and are still £20 your still making profit if that makes sense ?

@@samizarroug2358 That's an excellent response, but surely all businesses would aim for the highest price meaning increasing profits, regardless of quantity otherwise that would be sales maximisation

@@jensonconnolly4329 The physical Area of MR= MC proves that is where when drawing the box you will gain the highest amounts of supernormal profits compared to any other position

It basically means that a firm will have a varying level of the quality of their goods/services. So one customer may receive a bad quality product and one a good quality product. This makes it hard for firms to standardise the quality of their product as the quality of their goods/services varies so much.

The maximum profit is at MC=MR, you can’t get more profit than at that position