Dear Gavesh, Thank you for your great comments. We are really pleased that you are able to benefit from IFT TH-cam videos. Be sure to Like the videos; share IFT videos with your social media circles. Thank you! - IFT Support Team
This is fantastic learning materials and thank you so much for sharing these. Very clear structured, detailed and educational! Followed the channel already.
Dear IFT, firms will start entering the market at 5.71.. as the economic profit is greater than 0, and eventually bring the price at 5. So at 13:45 in the above question, you said that the point of entering the market will be at 5. ie where ATC=Price. So why will they again enter the market at 5, is my question?
in the long run, MC = MR = ATC; if P > ATC, i.e. economic profit is > 0, new firms will enter and if P < ATC, i.e. economic profit is < 0, firms will leave. IFT Support Team
In one of the previous videos, you said that the profit maximization doesn't happen at lowest ATC because we might not be producing anything, but at 7:16, we are producing some goods at lowest ATC, so why not the profit maximization occurs at the lowest value of ATC?
is it correct to say that when market supply increases( no. of firms increase) then individual demand curves of each particular firm go down? (in both monopolistic and perfect competition?)
I Think I am missing something here.. I did not see the previous readings referred to in this video, I just saw the videos before this one in the Economics section and all they talked about was the demand mainly May you please share the link for the videos that discussed supply, MC, ATC and those stuff?
Sir in schweser its written Economic loss is when Mr < Mc but how can that be because theres always going to be a point on the graph where MR=P intersects MC
In the Monopolistic Competition slide, it is written that there are a large number of buyers and sellers but in the case of a monopoly, there is only 1 firm?
Opportunity cost is not included in total cost when doing accounting. However in economics, opportunity cost is included in a firm's total cost in order to know whether the decision was correct. It is known as an implicit cost in economics. IFT support team
Assalam o alaikum sir Please guide what happens when marginal revenue and marginal cost and what happens or is the relationship with optimal price and output
How should I revise before the Level I exam? IFT High Yield Course is the best way! Read more here:
ift.world/product/high-yield-course-2021/
Really appreciate those free videos ! Amazing work !
Dear Gavesh,
Thank you for your great comments. We are really pleased that you are able to benefit from IFT TH-cam videos. Be sure to Like the videos; share IFT videos with your social media circles. Thank you! - IFT Support Team
This is fantastic learning materials and thank you so much for sharing these. Very clear structured, detailed and educational!
Followed the channel already.
Glad it was helpful!
IFT support team
Dear IFT, firms will start entering the market at 5.71.. as the economic profit is greater than 0, and eventually bring the price at 5. So at 13:45 in the above question, you said that the point of entering the market will be at 5. ie where ATC=Price. So why will they again enter the market at 5, is my question?
in the long run, MC = MR = ATC; if P > ATC, i.e. economic profit is > 0, new firms will enter and if P < ATC, i.e. economic profit is < 0, firms will leave.
IFT Support Team
In one of the previous videos, you said that the profit maximization doesn't happen at lowest ATC because we might not be producing anything, but at 7:16, we are producing some goods at lowest ATC, so why not the profit maximization occurs at the lowest value of ATC?
Dear Aditya,
Can you please share the link of the "previous video" that you are referring to?
IFT support Team
Profit maximisation happens when MR meets MC.
Thank you for the amazing videos! Appreciate all of your hard work
Dear Mike,
We appreciate your nice remarks. Thanks for your support.
IFT Support Team
is it correct to say that when market supply increases( no. of firms increase) then individual demand curves of each particular firm go down? (in both monopolistic and perfect competition?)
I Think I am missing something here.. I did not see the previous readings referred to in this video, I just saw the videos before this one in the Economics section and all they talked about was the demand mainly
May you please share the link for the videos that discussed supply, MC, ATC and those stuff?
Okay I found it on your channel on TH-cam.. It was not available on IFT's website
We hope you will benefit from the videos.
IFT Support Team
Amazing work!
Dear Kene,
Thank you. We appreciate your wonderful comments.
IFT Support Team
Sir in schweser its written
Economic loss is when Mr < Mc but how can that be because theres always going to be a point on the graph where MR=P intersects MC
There is only one point of intersection in the graph, the equilibrium point.
IFT Support Team
In the Monopolistic Competition slide, it is written that there are a large number of buyers and sellers but in the case of a monopoly, there is only 1 firm?
Monopolistic Competition : Large numbers of buyers and sellers ? min:15.34 . How's That ?
Dear Samson,
Please refer to R15, section 4 in the curriculum.
IFT Support Team
does the average total cost include oppurtunity cost?
Opportunity cost is not included in total cost when doing accounting. However in economics, opportunity cost is included in a firm's total cost in order to know whether the decision was correct. It is known as an implicit cost in economics.
IFT support team
Thanks a bunch for your work
Dear Iryne,
Tank you for your kind words and continuous support. We are glad that you find the IFT material helpful.
IFT Support Team
Assalam o alaikum sir
Please guide what happens when marginal revenue and marginal cost and what happens or is the relationship with optimal price and output