I think I am supposed to be the next non-native English-speaker to praise your magnificent channel!
@12white1
2 жыл бұрын
You guy's are soooooo much better than my teacher by explainijng econimics. I've watched your videos for less than one week and i learned more than in the 14 weeks of my semester. Crazy! And it makes fun to learn it with you. Not like in the class
@marishaghosh6611
4 жыл бұрын
I'm gonna take up economics in college and was clearing some basic concepts. This really helped, thanks a lot!
@rovercoupe7104
Жыл бұрын
How’s it going?
@mundheral.askari3450
4 жыл бұрын
You guys are LEGENDS ,Thank you so much !!
@sairamkoruprolu8729
4 жыл бұрын
I found your channel very helpful, thank you so much!
@CODMASTA
6 жыл бұрын
I really hate economics, but this video was perfect in explanation for a dummy like me. great lecture! thank you!!
@Elmina_
5 жыл бұрын
Thank you so much this was the best explanation I have ever seen. It was quite comprehensible. :)
@inderjeetsingh7770
2 жыл бұрын
I have watched this video plus two videos profit maximization in monopoly and perfect competition of your channel. I never understood these concepts before. Your these three videos done wonder for me. 👍👍✌✌🙏🙏👌👌
@leonaphoria6169
11 ай бұрын
thank u for existing on this earth, we love u
@andybearvlog6140
10 ай бұрын
This is so much better than my Uni material! Thank you.
@yogeshkumarchaudhary5681
3 жыл бұрын
great work.
@gregoirelecomte1007
11 ай бұрын
This is so clear and well made. Congrats! Very helpful
@gregoirelecomte1007
11 ай бұрын
And thank you
@ghiasuddintajwhal
6 жыл бұрын
Very well explained, many thanks.
@aliciaflorrick6359
5 жыл бұрын
Great video! From where do you source the data to determine whether to enter or exit
@loganwashere24
4 жыл бұрын
Bring the economics lady back!
@grantgibson9645
2 жыл бұрын
Suppose that the market price for a good is $15 and the MC curve goes through $15 at 2 different Quantities. Ex: The curve starts at $20 and goes down to $12 (passes through 15) and then goes up to $40 (passes through 15). Would I want to produce the quantity that is at $15 when it is going down, or when it goes back up?
@john_mckinney
6 жыл бұрын
Thanks for the explaination. Question: why would a firm exit if the expected price was below AC for an extended time? Wouldn’t it still maximize profits (minimize loss) as long as price was above MC and therefore keep producing?
@murangigichovi8058
4 жыл бұрын
Goood stuff keep it up!
@assartsandcrafts8723
4 жыл бұрын
How to show profit condition under perfect competitive market without using average cost curve??
@andreasaristeidou5647
5 жыл бұрын
Good to know that Zero Profits is basically "normal" profits because up until this video it didn't make sense!
@sivonparansun
8 жыл бұрын
Zero Profits =maximize?
@felixzhang9455
8 жыл бұрын
yes because of opportunity cost.
@jesusosegueda422
7 жыл бұрын
Yes, but that is on the long run. If there is perfect competition, and some firms are making a profit, in the long run, other firms will enter the industry. This is an increase in supply (the whole curve). That will make the price go down, for many of these companies will agree to sell at a lower price in order to sell more. Eventually, firms stop entering the industry when the price is such that there are no profits for no firm.
@crocop1582
4 жыл бұрын
@@jesusosegueda422 In perfect competition the market price(Industry=Price Maker) where Minority of Sellers or Buyers cannot impact on the Price and so the price remains same for homogeneous products. When Firms are making profit on a given market price producing a homogeneous product,New firms enter to make profit seeing P>AC and new entries will be there till P=minAC and that will be the Zero Profit or Normal Profit for Long Run of an industry.
@woahzuh532
2 жыл бұрын
zero *economic* profit, which takes into account total costs (implicit and explicit - opportunity costs). economists calculate profit differently than accountants
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