Revenue, Costs and Profit Part 1

This video is part 1 in a 3 part series on revenue, costs and profit. This video introduces various measures of revenue.

For more information and a complete set of microeconomics videos, see
http://www.economistsdoitwithmodels.com/microeconomics-101

by Economists Do It With Models

Category:

Education

Tags:

• economics
• microeconomics
• revenue
• cost
• profit

[redtornado200]

Well done Good to see this information is out there outside of schools. It does not seem to be taught anymore based on how many do not understand this basic information

[flany1960]

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[bighugejake]

@famousto0 No. It's better to sell 10 at $1.90 because (assuming there are no costs to selling the extra apple) at this P x Q profit is higher.

[famousto0]

So if the marginal revenue equals $1.00, does that mean that they're better off selling 9 apples at $2.00?

[sunshinekiara]

models have NO curves



[TheC0dee]

Those are some expensive apples and oranges haha

[BizzHome]

Do you have videos on regression analysis?

[CircusCat]

More cowbell!