Perfect Competition (5) Short Run and Long Run
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Uploader Comments (TheWyvern66)
All Comments (21)
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thanks alot..... :)
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you are doing a great job, thanks.
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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.
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I am in AP Econ and i was so lost before these videos. Thank you for being clear, detailed, and thorough in your explanations (•‿•)
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Thanks alot, very clear and interesting.
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LOVE THE ELEVATOR MUSIC!!!!
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excellent work. All videos of this person are very advantageous. i pray for his good health
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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?
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THANKS YOUUU. If just my teacher could make it look this easy...
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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!
TheWyvern66 1 month ago
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!
JennaFromCanada 2 months ago 2
@JennaFromCanada
Too cool. Kick some ass! Let me know about anything else you need.
The Wyvern66
TheWyvern66 2 months ago
YOU ARE THE MAN!! WISH I HAD A GOOD TEACHER....till then, ILL WATCH THESE VIDEOS BECAUSE THEY ARE AMAZINGLY INFORMATIVE
josh93088 3 months ago 2
@josh93088 - Thanks for the feedback. Curious - what school do you attend? R Strickland
TheWyvern66 3 months ago