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Profit Maximization in Competitive Markets

by jodiecongirl • 65,103 views

This video explains how firms in competitive markets maximize profit and outlines how to show that profit graphically. For more information and a complete listing of videos and online articles by...

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Awesome video! This helped me so much with my Microeconomics class.
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is profit maximization same for monopoly and perfect competition?
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+Tvytu Cvytvubt dude thats the thing , i actually think its the same in competitive and monopolistic markets, its where mr=mc, in competitive market mr=p=d. in monopolistic market  d is not the same as mr, where mr=mc, only shows the quantity, price depends on the quantity and the demand curve
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Why is the profit maximizing point where MR=MC?
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Is the marginal cost curve also the supply curve if it exceeds average total cost?
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The section of the MC curve that lies above the AVC curve is the individual firm's SR supply curve.
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I need help on profit maximization in a perfect competition market with the help of drawings/curves and explenation on each.
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Thank you so much, It's very useful for me to learn Micro Econ. ;)
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Thanks for the great video tutorial regarding perfect competitive market... Would it be possible showing the profit maximization and minimization in terms of mathematics like using derivatives?... If so, then it would be very grateful.. thnk again...
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Have you taken calculus for business and social science? Class goes into some formulas or you can google it up. I personally find econ explanation easier and faster than working out the cal.
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i cant take off my eyes from u mam
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I'm pretty sure she's not interested in youtube internet creeps.
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thank you for the lecture beautiful mam 
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hello, and thanks -- your videos are aften more helpful than the others I watch, Berkeley, MIT, pajholden, and Kahn, very clear, down to earth, and complete. Good speaking voice. You are a good model whose curves are inspiring.
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@bullerferris honestly if I looked like you I would kill myself, I'd bet a million dollars the only pair of tits you've seen are the ones that stair back at you in the mirror
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Our class average for our past exam was a 62% I was at a loss when I saw that. Luckily hes letting everyone retake the test. I feel a lot more confident in my ability to take it after watching your videos over the weekend. I really appreciate it! keep up the great work!
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Why can't my seminar tutor explain it as clearly as this?! :(
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Equally as intelligent as you are attractive. Double threat. If you also have a sense of humor, I will just die.
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Hello I need help with this please: Market demand is given as QD = 200 – 3P. Market supply is given as QS = 2P + 100. Each identical firm has MC = 0.5Q and ATC = 0.25Q. What quantity of output will a typical firm produce?
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I was hoping to see Pontryagin Maximum Principle applied on competitive markets. Aren't amazed by his story? Can you make an advanced economics/mathematics video please? To show us viewers what is possible within the field? That would be very interesting!
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the picture on 00:00 is so cool, really smart video
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Yes, but did you LEARN anything? Because, ya know... that was kinda the point of this video.
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those things that surround the whiteboards are really distracting....
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Thank you for your work. Your videos are very helpful.
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I need them to keep from writing off of the screen. :)
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@bullerferris hahaha you ugly fuck
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@bullerferris you think talking all sweet will get this chicks attention lol get real you fucking ogre
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One question: How can average total cost be less than marginal cost?
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Hi :) This is a really good material, thanks for that. If someone is interested about algebraic problem solving, I also made some videos.
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Because marginal cost isn't constant...consider a situation where is costs $10 to produce the first unit and an additional $20 to produce the second- average cost at a quantity of 2 is then $15 but marginal cost is the incremental cost of the second unit, which is $20.
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thanks i learn a lot in this session
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if once upon day, somebody suggest you to merry him, don't be surprise. that is me ;))) thank you a lot for your lectures, they are simply great!!!
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Awesome lecture and beautiful face<3
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Thank u for making this video
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Explained well plus eye candy. A winning combination.
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You're amazing teacher! Thank you so much for your help :)
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have to keep back tracking cause im too busy staring at this girls tits
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