Micro 3.4 The Shut Down Rule: Econ Concepts in 60 Seconds:

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Uploaded by on Oct 21, 2009

Mr. Clifford's 60 second explanation of the shut down rule. When the price falls below AVC a firm should shut down and produce nothing. It is better for them to take their fixed costs as a loss then to continue to produce. PLease keep in mind that these clips are not designed to teach you the key concpets. These videos are a review tool to help you better understand what you learned in class.

ACDC is Mr. Clifford's teaching philospohy:
Active Learning
Cooperative Learning
Discovery Learning
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  • @ny1fanta Hmm explain, seemed like he explained the concept to me. Maybe you should watch one of the "slower" professors for slower people. Some of us prefer someone who sounds motivated about what their teaching too, by the way. You're just one person telling someone how to teach. go find a different professor on youtube its that simple.

  • i love you. LIFE SAVER DAY BEFORE MY MICRO TEST.

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  • music makes learning fun

  • Watching the entire unit 2 periods before my micro test?  Oh, hell yes.

  • you finish in 60 seconds too?

    i always seem to finish in 60 seconds or less

  • Well should't the firm shutdown if their Average Total Costs exceed the price despite whether or not the price is above the Average Variable Cost? If the price = how much money is made per unit and ATC = how much money is lost per unit, then shouldn't the determining factor be whether ATC exceeds the price?

  • Thank you so much for doing this!!! Life saver!

  • can u please eliminate the music while u talk, it would be greatly appreciated as it is very distracting. Thanks you soooooooooooooo much for ur videos

  • uhhh screw that shutdown rule XDDDDDDDD love this part so funny XDDD thanks for making this video u totally save my life!!!!!!!!!!!!

  • "Let me explain it to you.... in 60 seconds."

    -Mr. Clifford.

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