Tutorial on perfect competition with numbers and calculations. Tutorial includes how to calculate total revenue, total cost, and profit (economic profit). This is ...

From Economicsfun

In this video I explain the costs of production including fixed costs, variable costs, total cost, and marginal cost. Make sure that you know how to calculate the per ...

From ACDCLeadership

This video shows how to calculate various forms of cost (total fixed cost, total variable cost, average variable cost, average total cost, average fixed cost, and ...

From jodiecongirl

In our video on Maximizing Profit Under Monopoly, we cover how firms can use their market power to raise the price of a good well beyond its marginal cost.

From Marginal Revolution University

Sven Smit, co-author of the new book Strategy Beyond The Hockey Stick, describes why the authors chose economic profit (the total profit after the cost of capital ...

From McKinsey & Company

Given some information about a firm's fixed and variable costs of production, we calculate average variable cost, average total cost, and the marginal cost.

From economicurtis

This problem shows how to calculate various measures of revenue- total revenue, average revenue, marginal revenue, and the output and price effects.

From jodiecongirl

You can learn how to find marginal cost by using a formula in our example, we simplify get or $4. For more on this, 16 mar 2012 1) we need to equate marginal ...

From Joaquina Delbosque Tipz