Cost Curves for Firms
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One day when im a billionaire (Hopefully on the forbes top 10 list aswell) Ill pay you back big time for Helping me ! :) Cosider your youtube vids as your pension plan
1 year ago 5
Video Responses
All Comments (153)
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Thank you for making this video. It makes a bit more sense now.
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Thumbs up to you and your "silly" analogy. Thanks!
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Amazing, like I drew out the AC and MC curves but never knew why they were like that, great help
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@Lovelyday300 well I do OCR economics F584 transport this month and i think this is in the syllabus but im not entirely sure
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@Lovelyday300 not for edexcel either
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@Lovelyday300 depends what exam board...not for WJEC
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do we need this for AS module one, microeconomics? anyone?!
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@purplegorillaamateur I seriously love you
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I have an important eco test tomorrow and this literally saved my life :)
3 months ago 4
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I'm so glad you post these! They're so helpful and you are a true pedagogue.
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Thanks sir...Maybe it will be a better idea to start the AC and MC at the same point to better understand the concept of AC as initially (i.e. for the first unit )AC = MC.
djstud1987 1 year ago
@djstud1987 But you are wrong. AC does not equal MC for the first unit produced! The MC will be the variable cost of making the first unit (taking output from 0 to 1). But the AC when output = 1 is equal to the total cost and incorporates all fixed costs.
pajholden 1 year ago 24