Perfect Competition (5) Short Run and Long Run

[oshee4]

thanks alot..... :)

[razorback6996]

you are doing a great job, thanks.

[skyhighweflyby]

I have a final tomorrow. Will I do good on the final? and the answer is, since I am now watching these videos I might just pass it. Thanks TheWyvern66 a lot.

[ctw1760]

I am in AP Econ and i was so lost before these videos. Thank you for being clear, detailed, and thorough in your explanations (•‿•)

[alverage70]

Thanks alot, very clear and interesting.

[ThaTruth2294]

LOVE THE ELEVATOR MUSIC!!!!

[farad6a]

excellent work. All videos of this person are very advantageous. i pray for his good health

[TheWyvern66]

The AVC shows the behavior of only VARIABLE costs; it ignores fixed costs. If you had NO fixed costs, then AVC would = ATC. If you had a business that was seasonal - say a beach concession - you might not make much money in the off-season, but as long as you were covering your variable costs each month, you could stay open and hopefully make a little towards your fixed costs. The AVC shows you when you aren't even doing that (at its lowest point)- i.e., the "shut down point. Not clear? Write me!

[rustii2001]

This is a really good video. i have a question though, what is the usefullness of the AVC curve? and could we just have an average cost cure on the diagram alone?

[ezzet1]

THANKS YOUUU. If just my teacher could make it look this easy...

[JennaFromCanada]

SWEET BABY JESUS. I have a final exam worth 45 % tomorrow. I think we spent 30 minutes on this, and the whole thing is on this and Monopoly Graphical Analysis. THANK YOU FOR THESE VIDEOS. KEEP EM' COMING!

[TheWyvern66]

@JennaFromCanada

Too cool. Kick some ass! Let me know about anything else you need.

The Wyvern66

[zeymus2010]

merci énormément pour l'explication, trés claire. i understand more and better by your videos, i would be glad if i had teacher like you.

[batote97]

excellent!!!

[Johnpwns391]

well explained thank you so much

[1hottoddie]

I am currently taking Core Economics as an online class and you are absolutely wonderfully an awesome instructor!!! Thank you!

[josh93088]

YOU ARE THE MAN!! WISH I HAD A GOOD TEACHER....till then, ILL WATCH THESE VIDEOS BECAUSE THEY ARE AMAZINGLY INFORMATIVE

[TheWyvern66]

@josh93088 - Thanks for the feedback. Curious - what school do you attend? R Strickland

[TheS1ngularity]

@TheWyvern66 This is amazing, i learned so much more by watching 6 of your videos then I have learned from attending 4, 2 hour lectures.

[modernkill]

dam i wish you were my professor..

[carlodeaj91]

i understand Perfect competition completely now, thanks to this video.

it's soo clearly explained...i cnt thank you enough!