Short Run Cost Curves | Think Econ

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In this video we explain the short run cost curves. This includes the average variable cost (AVC) , averaged fixed cost (AFC), average total cost (ATC), and marginal cost (MC) curves. Not only do we review how to read these curves on the graph, but we also show you how to use these per unit costs to calculate the total costs!

Опубликовано:

13 окт 2022

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Комментарии : 25

@ThinkEcon Год назад

If you found this video helpful, consider subscribing to the channel to see more education econ content just like it! :)

@owenthomas3621 Год назад

Great video

@marina-ie5bo 7 месяцев назад

Well, it really helped me to understand this topic before my test 😅 Thank you for the video!

@ThinkEcon 7 месяцев назад

I'm glad you found it helpful :)

@nguyentuananhphan8644 5 месяцев назад

Thank you, sir, your videos help me review for my exam so well! God bless you!

@ThinkEcon 5 месяцев назад

I’m glad you find the videos helpful! :)

@ruwankuruppu5489 Год назад

Really a useful video

@ThinkEcon Год назад

I'm really glad to hear that :)

@lottelarsen2736 8 месяцев назад

Can you make a video on long run cost production?

@__Trident 7 месяцев назад

The video is english makes me in little bit trouble😅 but it helped me 😊 Thanks _❤🇮🇳_

@ThinkEcon 7 месяцев назад

I am glad this was helpful!

@khadijahamid6905 8 месяцев назад

thanksssssssssss

@ThinkEcon 8 месяцев назад

No problem!

@hilwaamanamankiyar-pp5bf 6 дней назад

ONE

@franb22 Год назад

I kinda got lost in the middle part of the video but i guess this can be used as a template of individual costs, no?

@ThinkEcon Год назад

Individual firm costs, absolutely!

@franb22 Год назад

Awesome 😎

@mm6461 Год назад

@@ThinkEcon is this a Canadian video, due to the use of Ootput eh?

@ThinkEcon Год назад

@@mm6461 Yep, Canadian here, born and raised.😅😂 Is it that obvious?!

@mm6461 Год назад

@@ThinkEcon this is great content. Keep it up 👍

@voltagetv4908 7 месяцев назад

Everyone says "due to the laws of diminishing returns" when explaining marginal cost, nobody new that wants to learn from this video understands that, go in depth and explain what the law of diminishing returns are and an example.

@ThinkEcon 7 месяцев назад

That's a great idea. Now the law of diminishing returns on it's own is a quick concept to cover, but I think I can make a video that will clear up any confusions or uncertainties people have about it. Once again, great idea. Mind if I shout out this comment when I make that video?

@voltagetv4908 7 месяцев назад

@@ThinkEcon Yes absolutely I don't mind, maybe a video discussing commonly used phrases like that in economics as a whole with examples would be great.