The Short Run versus The Long Run
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- Опубліковано 7 лип 2024
- This video outlines the economic distinction between the short run and the long run.
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By Jodi Beggs - Economists Do It With Models
www.economistsdoitwithmodels.com
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got an econ final tomorrow wish me luck
how was the exam, anyway?
me too brother
How was ur exam?
How was college?
5 years after, i am having a final tomorrow too.
You have done a great and very clear presentation of these concepts. You have helped me better understand . . . THANKS!
I have been searching far and wide and this is the closest I have come to clearly understanding the difference between Short-Run & Long-Run. What did it for me was the explanation of the Short-Run with regards to the example of the firm having a fixed cost/sunk cost of a lease, BUT, what I don't quite understand is in the Short-Run, why the firm shuts down if P
I thought I hated economics, till I found you... You are great!
Thanks! Very clear and understandable explanation of short run and long run. The textbook gave me about a line on each and it is not enough for me to understand! Subscribed :)
Jodie,thanks for your video! You make it easy for me to understand!
Hi Jodi,
thanks for the video....and I love you logo...great imagery!
Very clear and concise. Thank you.
Woah .. Excellent! I like economics even more now!
you and your teaching skill are beautiful
You´re totally awesome. This helped me a lot. Greetings from Portugal! x)
A) You are my new hero.
B) I want that shirt.
Thank you miss. Your teaching is beautiful
Thank you! Very easy to understand :)
very clear and very helpful my current study and help me.to understand this point, thank so much!
This was helpful, thank you!
U guys are really doing a gr8 job
You make it so easy!
Great Vid. Thanks for making it digestible!
Very helpful. Thanks!
Thanks for the vid!
great help! Thanks
Tnk u mam for explaination in detail...upload more video to need diffrent concept of economic....
Suggestion for u. If u r using premere and auditions, open clip in auditions select the background noise part then go to adaptive noise remover. That should remove most of the background static.
Well Explained Jodie! Very comprehensive..Thank You!
So you now have a student from India too!
+1
ahhhh that shirt is awesome
That helped! Thank you
Now I understand what's the difference between long run and short run. Thank you. ;)
Very helpful ...Thanks .
Thank you very much!!! you really really helped me :)
i thought I hated economics, then this sealed the deal!
because of the girl?
So this confirmed that you hate econ? :D
You are excellent sir
This is Perfect Competition
Noiceeeee :')
Fast and simple explanation :)
More power to you.
Thank you! This has been really helpful, and hopefully will be useful for my next economics test. :)
hey, its been 7 years. how are u doing
Hey it’s been 10 years how ya doin
Thanks, and you are very welcome! Stay tuned for a bunch more coming out.
Thank you
Hi there, can you please let me know if demand for electricity is elastic or in-elastics in long run?
Finally! It makes sense, thanks so much!, where can I buy a shirt btw?
Studying abroad 😂 by this channel
Thanks for the explanation. The E-Text wasn't very thorough, so having someone explain it was great!
Fantastic
It is because the fixed costs are paid no matter what. Therefore the firm only looks at the variable costs when trying to determine whether or not to shut down. Ex. if fixed cost is 5 dollars, variable cost is 3 dollars, and profit is 7 dollars, the firm would not shut down because P>AVC. The firm has to pay the 5 dollars anyway because it is a sunk cost, so they are only losing a dollar because ATC is 8 dollars. If they shut down, they lose 5 dollars because of the fixed cost.
Thanks mame for understanding to me
Nice shirt
Can someone please explain this to me?
In the long run, economic profit for firms (assuming they are identical) will reach 0. However, I don't understand why P=ATC in the long run because if that is the case, the firms are making 0 accounting profit. Accounting profit and economic profit are 2 entirely different concepts, isn't she confusing the two?
way better than my economics class.
Paul Swann ikr
Thank you mam😇🤗
FINALLY MAKES SENSE
Great !!!!!!!!!!!
How many of u are reading the comments instead of listening to her lecture☝️
you are. that is one of us!
Shirt is goated
So we can make the assumption that in the long-run production economic profit are equal to zero, why firms stay in the market even though their economic profit equal to zero? anyone can help?
this is for which Grade sis and Thanks
Plzzz simon ki theory bta dain shortrun and long run consumption function
slight bit more enthusiasm needed
Love from India 🤘
I want a piece of that action. Economic profit that is.
Thanks help full madam
Hey great video but I advise you to have subtitles cause I'm from India and sometimes it gets difficult to follow the accent.
Gawar
Are you saying "price" instead of "profit"? For example: P
it's Price :)
can u take the test for me tomorrow..
Where can i get this shirt?
ok
in a perfectly competitive market and a long run equilibrium a firm will earn how much pure profit? ... anyone
zero economic profit :) hope this helps (ik, only 4 years late).
My visa was 96 but final is scaring the shit out me
Anyone else DEAD when she got a lil hood & said "they wanna get a piece of that action." LMFAOOOO
want a piece of this action?
all cost are not avoidable but are variable i think
I am a science student don't know a thing about economics but i don't know what i am doing here 😍
You're a simp!
I love you
u are incredible my lady..and ur very very beautiful i wish u the best in life
I think economists do it with models..
The actual reason I searched this topic would be easier to focus on if she wasn't so pretty haha
0:01 is it only my mind🗿👀??
Please wear a mask, winter jacket, and use a voice synthesizer. I find that I have to watch your videos 3 or 4 times because I start thinking about your curves. However, they are very helpful if I can turn my inner man off and focus. It is your videos that are getting me through my classes. My professor is nice but she loses her train of thought all of the time and is hard to follow. Thank you very much! Oh and BTW, I want to marry you. Haha lol!! No serious!!!
I honestly thought she was gonna talk about running
and this is what happens when you dont go to class
That was an awesome teaching but you could smile a bit more
mam plz discuss about multiplayer
Oh... Nothing about running here. Still stayed for the whole lesson though. #AccidentalStudent
plz.hindi me explain kriye
STFU assole.
hello
how are you?
I'm asking for email address to ask you some question in economic
انتي يبغالك زط
2020 corona time
WOW thats hilarious!
She surely maximizes my utility...
thanks baby.
i'll pay u with compliments..:)
Am I the only one getting distracted and staring at her face???
Awful
Voice is too low
bro it is 10 years ago
@@S.OLABI. so ??
@@hawwamaaee1397 good that she even could upload that 10 years ago , and u want her to adjust the voice also!!
@@S.OLABI. yeah so ??
Thank you