Microeconomics Unit 3 COMPLETE Summary - Production & Perfect Competition 

Omg, you summed up 2 weeks of mind-numbing lectures into 20 minutes of fast-paces learning. You’re very talented.

Sometimes I feel pity on this world who don't respect the real talent like you. Dear Brother you deserve more recognition and thanks for everything.

Thanks for teaching 3 weeks of class lectures in 20 minutes

Brother you are a God send sir!!! I've been in college all my life I enjoy school and as an entrepreneur I just go to classes to make sure I'm better at my offerings in the market that being said this was the first class of all of the classes that I flunked given the teacher was total no response so any questions were never addressed by him. So not only am I put output thousands of dollars because I'm an out-of-state client with my GPA and with my lack of degree because that was the last class I was waiting on to pick up a degree I found your channel I'm so appreciative and graphs is what's killing me because for whatever reason although I'm an intelligent I cannot get these economic graphs down it's like no matter what I could think that I understand I try to put it on paper it's just doesn't work out but finding your channel has been such a blessing thank you thank you thank you thank you

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I fell behind because our Exam is at the beginning of May, and im still on module 4, but I didnt do the Module 3 exams, your videos are gonna be the only things saving me from my horrible lessons, and I can actually catch up because everything is easily summarized. Thanks so much, I would be quitting this class if I didnt have these videos honestly

There might be a mistake at 16:47 I think you meant to say 'Minimum of ATC curve' instead of AVC, which is what you said. I'm not sure if Its a mistake on my part by I was thrown off sync by this. And it should be MinATC for the LR. Please check on this. Still a big fan of your life saving content regardless!

me before watching this video: pure confusion after watching your video: woah! I actually have a brain that works! Thank you, thank you, thank you!!

i have my unit 3 test tomorrow, inshallah i will continue with updates, and inshallah allah guides me to an amazing grade

thank you so much for the clear review! I usually fall asleep when I listen to lecture videos, but this video was so interesting that I got through it with my eyes wide open. :)))

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You are actually an amazing person, the lessons were very helpful. Midterms in 2 days, still probably gonna fail!

Error at 7:03, TC/Q = ATC on line 3 is incorrectly recorded as 10.3. When Q = 3, TC = 34, therefore ATC should equal 34/3 = 11.33 instead of 10.3 Overall very helpful video series, I've used it last minute before my test and I couldn't be more gracious.

If I pass today it is going to be thanks to you

You make the lessons very understandable, concise, and fun to learn! Thank you very much brother. also the games in the website are really helpful to test your understanding, kudos to the whole team!

2:21 Shouldn't the Marginal Product be 10 instead of 9? TP went from 36 to 46, so 10/1 = 10. Btw, you make this class so much easier to understand, rewatching them all before the exam. Thank you for making these.

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Back here for another test, thanks for the video

this was so helpful, your summaries are perfect! thank you!

Thanks for this guide. I will most likely still fail but at least since I crammed all in 1 day but I will have some idea on the test. Will let you know if I get a 3😭

5:49 What is the difference between Marginal Cost and Marginal Cost of Labor?

Thank you so much for everything you do. You have literally helped me SO MUCH

Thanks for the video. I just have a quick question. What do the P (Y-axis) and Q(X-axis) represent on the graph?

Once again beautifully explained thank you!

19:57 wait so firms only have to pay fixed costs when they shut down? btw thank you for the vids they are really helpful!

Thx for helping me pass my dba

Thank you very much 🥰

Ty for the great video!

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Thnx

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lifesaver ong thx man you're a g

In which chapter did you talk about the two types of efficiency?

Thank you I should have watched you for macro.

7:00 math error, should be 11.3 for ATC when Q = 3 and TC = 34. Not that it affects the lesson, anyway.

nice videos!

Wow very informative

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Hello sir this is me again I'm a bit confused about profit maximization Like why is the profit in the end maximized when MR intersects with MC ? Wouldn't the marginal revenue you receive just cover the additional marginal cost ? Let's imagine a scenario where a product named 'A' is sold at the price of 2 dollars and the cost to produce it is also 2 dollars How is the profit maximized in this scenario then ?

Very talented

Afternoon Sir I am currently having troubles understanding variable and marginal cost Whyy isn't the variable cost in 5:09 proportional to the amount of unit produced ? Let's say that the ingredient cost for a Hotdog is 10 dollars That means that the cost for the amount of ingredients I need to make 4,5,6... hotdogs is 40,50,60... Also, is the law of diminishing returns the reason behind the fluctuations of the variable cost ? Too much employees -> Lack of productity / decrease in efficiency ---> more cost to produce one additional unit ?

Best channel

Very helpful!

So helpful

i got my college exam in less than an hour wish me luck

14:57

13:00

If I pass, I will forever be in your debt.

dont you have videos for intermediate micro

Someone who disliked: I DIDN'T STUDY PROPERLY NOO

so swag

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MR = MC JUMPSCARE 🤕

Who’s here on 2021 exam day

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13:10 😂

You talk like Wiley from tiktok

bro you made me fail the exam