Perfect Competition - Calculus (Mathematical Explanation)

Tutorial on the perfect competition using calculus. In this tutorial I prove that profit is maximized when Marginal Revenue = Marginal Cost (MR = MC). This is typically taught in a microeconomics class.

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Category:

Education

Tags:

• Perfect
• Competition
• Calculus
• Marginal
• Cost
• Revenue
• First
• Derivative
• MC
• MR
• profit
• maximization

[knallbirne3000]

Sorry, but i have to disagree and say your videos are perfectly sized and everything top !

[economicsfun]

@knallbirne3000 Thanks! Appreciate the feedback and I hope the vids help you get an A in your classes.

[xbsl123x]

hi, thanks a lot for these. just some constructive feedback here - make your videos shorter and concise. i use your videos a lot, but often find myself only getting through half of the video

thanks, keep doing what you're doing :)

[economicsfun]

@xbsl123x Thanks for your feedback and that is hard to do. It is something I strive for concise, clean to the point. I have often thought of making different versions of the same video for the novice, intermediate and advanced student. Thanks again.

[Horsefording]

Great video. I would have one request that you bring in a little more of why things happen. Great explanations of what happens, but I still go away feeling that I have to remember what happens instead of being able to deduce what happens because I know why they happen.