perfect competition 2 marginal cost and total cost & MC = MR

[nolla454]

you're explaining so detailed...it is helpfullll... thanks!

[ptrstepniak2]

@Instantkiwi cost decreases at first and then increases due to the fact that workers could for instance get lazy, so the efficiency of work goes down = increase in cost.

[corkywagz]

Turn your levels down! you are blowing out my speakers!!!

[xUmberBlackstonex]

why can't you replace my econ teacher???

[xUmberBlackstonex]

aaah!! now i get it.... :)

[MioWonng]

Amazingggg :D

[Tonycz25]

Thank you! Thank you! Thank you! These videos gave me that aha! moment.

[instantkiwi]

But why toes MC increase with production of more units? Does it always? I thought cost per unit would come inevitably down the more units produced

[sarmiray24]

Excellent!!

[pharran05]

very nice expect you need to keep you mouth away from the mic.. very helpful though

[ktrwcm2010]

i hope he got a new mic... everything is perfect except his mic...

[TessAlexandria]

Wow you are a great teacher! I like that you teach at a pace that is not too fast or too slow lol..we've been reveiwing this in my ap economics class for awhile now but your clips help me soo much more than my teacher lol

[achard2006]

Great work~

[badfishOZ]

Awesome, my textbook for micro sucks ass and is really confusing, thanks for the videos! Very helpful!

[KaiChippi]

meow!

[bbhakta86]

awesome, very lucid

[AM93000]

thank you econsteve, this is very helpfu. Very good narrative.

[belkincircle1]

@sherzodibrohim no you're thinking about it incorrectly. As long as the cost of making one extra unit is less than the revenue generated from selling the extra unit, then the company will keep making more units. Granted, as the you get closer and closer to the point where MC=MR you will make less and less profit on each unit you sell, but you are still making a profit! So companies keep producing up until a point where, if they produce any more, they will lose money. That point is where MC=MR.

[twelvedo11ars]

@belkincircle1 this is, of course, under the assumption the firm is underproducing their units. This concept helps balance out the diseconomies of scale.

[mmm2096]

wow it took me forever to understand this in my class and then i forgot wen i walked out!! thnxs so much u made it very clear and now it seems easy! :)

[FyUoCuK0000]

this guy is amazing

[vincenteramos]

Thanks!!! Great explanation!!

[MaShisushi7]

Thx a lot. Very helpful for my next coming exam .

[cjhelix12360]

OMG! I am so thankful your your video!! I read my economic text four times but your video just took me 6 minutes and 32 seconds to understand it. TYVM for your time and your different color and fonts help!! :)

[punk182jlm12]

You are god

[XjoelburrX]

Very Helpful

[loverofbeats]

thank God for you! it all clicked.

[Shailin]

saved my ass the night before a final. thank you

[krisnamerk]

Thank you for the video!!!

Because of you I'm going to get a good mark in microeconomics

consider me subscribe!

[thrashitupX]

@krisnamerk you must be from the UK

[fh1mahfanzai]

awesome