Long-run Average Total Cost and Economies of Scale
ฝัง
- เผยแพร่เมื่อ 30 ต.ค. 2024
- This lesson distinguishes between a firm's short-run average total cost and its long-run average total cost, and explains how economies of scale may help a firm achieve lower average costs as it increases its output in the long-run.
Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! econclassroom.c...
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Jason Walker you're the man, going to make me pass my Econ exam worth 30%, thank you for doing what my econ teacher could never do... teach me
I like you Mr. Welker, nice concise explanations. My $100+ textbook cant explain it at all. I always end up back here where your explanations instantly click.
Thank you so much! This cleared all my doubts on LATC
this topic was perfectly clarified for me
thank you Mr Welker
Wow that was such a good clear explanation. THankyou so much!
Wow..I had a lot of difficulty understanding Long-run ATC before watching your video. But now, it is super clear for me. Thank you!
Great work, you know when someone has expertise in its field.
you are the best jason walker!!
thank you very much this will help me pass my exam
A great teacher. i was struggling
Thanks for lucidity of this topic. Thank you very much again
You are amazing. Thank you for this especially for the historical example!!!
One word - AWESOME🔥🔥🔥🔥🔥 , Thoroughly enjoyed the lecture , thank you 👍
wow with your videos i understand better ..because once i using a textbook it took 2 hours to cover this work ..but noe am good
very much thanks to the jason I understood very well about this topic after listening to this video
every time when I watch ur videos jason to clear all of my concepts the starting song always force my children to dance...
Thank you, the video is as awesome as you are
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I hope my IB Econ paper is marked by you (if you're an IB Examiner) because I'll know it's in the right hands.
jason, i do appreciate most of your videos but i need to clarify something, base on the above video, economies of scale/diseconomies follows increasing returns to scale/decreasing returns to scale?as i've known, the former measures cost and output and the later relates inputs to output.
Omg youre a life saver ! Thankyou so much 🙆♀️🙆♀️🙆♀️🙆♀️🙆♀️🙆♀️🙆♀️
hello Jason thanks for ur response.I am preparing for a competitive exam and I need ur help to clear my concepts.can u please explain the revealed preference
theory in detail through a video.
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Thanks you jason
veryyy helpfull indeed! i dont even feel the need to go to classes anymore! LOL
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Jason tell me what is actually the average cost? theoretically
It is, actually, the per unit cost of production.
thank you very much!
Great.
The video is pretty good,but in my book (Pindyick & Rubinfield) they explained that:
Inreasing returns to scale-output more than doubles when the quantities of all inputs are doubled
Economies of Scale-a doubling of output requires less than a doubling of cost
It's not the same
10/10
what is the song at the start
+Edward Wills It's making me nervous by brad sucks
why the average cost goes on decreasing when the average product goes on increasing?
Helpful but you're quite fast..
My econ teacher is shit, this one is the shit.