@Heckytorr That's exactly right- the firm would want to produce as long as it's covering its variable costs, since in that case it's at least able to recoup some of its unavoidable fixed cost even if it can't recover all of it.
I was confused at first when you said on another video that firms only produce when P > AVC, because I thought it would be P > ATC (otherwise they're making a loss from the fixed costs). Is this because, in the short run, the fixed costs occur whether you are producing or not? Thanks
Everything is fine. Can you just spend a little bit of your smile, which will reduce my time cost further, giving me some more consumer surplus. A very good fan of your lecture. Rashed.
hey i really underestimated your videos .because of my idiology and discrimination on women ...i really thout that man explain better than women but noe i c that so far you are the first lady the explain some sense
So if a firm is producing at an output level where the marginal cost is greater than average cost. should they increase or decrease output if he wants to minimise the average cost? jodiecongirl
they will always produce till the point where mc=mr at a point where mc=mr>ac firm will experience supernormal profit this will induce more firms to join hence price=mr(in perfect competition) will fall
@ROFLCOPTER1909 If you go to my web site (URL is on the logo and in the video description) you will see a few merch links on the left-hand side. There are t-shirts under "t-shirts" (duh) and "Lots of Other Fun Stuff." :)
Hi, Could you please make a video for profit maximization monopolies, and do you ship T-SHIRT internationally(germany). You videos been a great help for me and i am thankful for that. See you Danke
@Heckytorr That's exactly right- the firm would want to produce as long as it's covering its variable costs, since in that case it's at least able to recoup some of its unavoidable fixed cost even if it can't recover all of it.
You are an awesome econ teacher!!!
your videos are really a big help to my studies :)
wish you were my professor :)
keep up the good work
Your videos are always so helpful. Thank you.
I was confused at first when you said on another video that firms only produce when P > AVC, because I thought it would be P > ATC (otherwise they're making a loss from the fixed costs). Is this because, in the short run, the fixed costs occur whether you are producing or not? Thanks
Everything is fine. Can you just spend a little bit of your smile, which will reduce my time cost further, giving me some more consumer surplus. A very good fan of your lecture. Rashed.
This was so useful to me. It Helped out a lot
thanks very much for ur good and amazing lecture that i have never seen before coz it is helpfully to me
You are really good !
@crazycake93 Yay! I am working on more as we speak.
Awesome vids! You rock
hey i really underestimated your videos .because of my idiology and discrimination on women ...i really thout that man explain better than women but noe i c that so far you are the first lady the explain some sense
I only just realized that the graph in the beginning was supposed to look like a model
So if a firm is producing at an output level where the marginal cost is greater than average cost. should they increase or decrease output if he wants to minimise the average cost? jodiecongirl
they will always produce till the point where mc=mr
at a point where mc=mr>ac firm will experience supernormal profit this will induce more firms to join hence price=mr(in perfect competition) will fall
I'm glad I already passed Level 1 of the CFA. Economics make my head hurt.
God bless you!
@ROFLCOPTER1909 If you go to my web site (URL is on the logo and in the video description) you will see a few merch links on the left-hand side. There are t-shirts under "t-shirts" (duh) and "Lots of Other Fun Stuff." :)
Hi, Could you please make a video for profit maximization monopolies, and do you ship T-SHIRT internationally(germany). You videos been a great help for me and i am thankful for that. See you Danke
Thumbs up 4 this one!
Super super .... !!!!
thanks
Thanks
If we are technically indifferent between producing and shutting down, I'm shutting down and going to the beach.
Where do I get those shirts!?
Your delivery is so robotic and boring!
Ok, now back to the cave u crawled out of