supply and demand supply 1
Loading...
Loading...
5,052
Loading...
Link to this comment:
Share to:
Uploader Comments (econsteve12)
see all
All Comments (8)
-
This really helped me understand the basic concept . THanks!!!!
-
This is brilliant :) Many thanks,
-
Very good!! Thanks a lot!
-
good one :)
-
awesome video! you're a great teacher
Loading...
- 4:29
supply and demand demand 1by econsteve123,477 views
- 6:26
supply and demand supply 2by econsteve121,998 views
- 3:10
supply and demand demand 2by econsteve122,247 views
- 8:06
suply and demand demand 3by econsteve123,516 views
- 9:49
marginal costs and diminishing marginal returnsby econsteve123,890 views
- 5:18
marginal costs diagramby econsteve126,279 views
- 10:06
perfect competition 4 profit lossby econsteve127,633 views
- 5:58
AS AD Aggregate Supply and Aggregate Demand 1by econsteve1210,487 views
- 6:12
monopoly 5by econsteve124,643 views
- 5:00
Shifting both the supply and demand curveby jessicaweldon229,503 views
- 6:49
demand and supply equilibrium 3 shortageby econsteve121,894 views
- 9:19
production possibilities model 4 efficiency and growthby econsteve122,244 views
- 10:02
perfect competition 3 total cost total revenue and profits of a firmby econsteve1211,198 views
- 6:55
monopoly 2by econsteve126,567 views
- 3:08
monopolistic competition 1by econsteve1213,898 views
- 3:04
production possibilities model 5 technology and points on and off the curveby econsteve121,164 views
- 6:30
production possibilities model 2 economizing problemby econsteve121,757 views
- 2:46
monopoly 6by econsteve124,155 views
- 8:14
AS AD Aggregate Supply and Aggregate Demand 3by econsteve124,207 views
- 4:52
AS AD Aggregate Supply and Aggregate Demand 4by econsteve122,998 views
Price is not revenue. P X Q is revenue. Opportunity cost (surely?) depends on expected revenue or expected profit, not price. I'd get "off my butt" to sell hotdogs at 1c each - IF - I expected to sell 1 X 10^1,000,000 of the things no? brb got to see the wolfram demonstration on this one
plebshadowofra 1 year ago
@plebshadowofra
The concepts are correct as demonstrated according to economists. Here's why ... Price is equal to marginal revenue.
If the cost of producing hot dogs is greater than 1 cent then you would not produce them no matter how many you produce and sell. Make sense?
econsteve12 1 year ago