Marginal Revenue, Average Cost, Profit, Price & Demand Function - Calculus

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  • เผยแพร่เมื่อ 1 ธ.ค. 2024

ความคิดเห็น • 114

  • @TheOrganicChemistryTutor
    @TheOrganicChemistryTutor  10 หลายเดือนก่อน +5

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    • @EthelChivonivoni.1
      @EthelChivonivoni.1 8 หลายเดือนก่อน

      for the second example when calculating the production level that will minimize average cost you made an error you used 300 000 instead of 30 000 may you clarify
      25:47

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    @thanhyenthynguyen5287 3 ปีที่แล้ว +4

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    @siyamthandatiso1439 ปีที่แล้ว +1

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    @wajihamajid5662 5 ปีที่แล้ว +10

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    @acsw ปีที่แล้ว

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  • @shekinahjedgecombe3878
    @shekinahjedgecombe3878 2 ปีที่แล้ว +9

    Can you do a video based on 'Supply and Demand' - also explaining the process through application problems (word problems, etc) finding the supply function, demand function, equilibrium quantity and price.
    please. :)

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    @deankhan580 3 ปีที่แล้ว +1

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  • @aaksdad
    @aaksdad 4 ปีที่แล้ว +10

    Thanks for the video. got a quick question @3:08... why would you chose c(x) = 5000 + 15x + 0.01x^2 . What is the reasoning behind that formula?

    • @mikoliism
      @mikoliism 2 ปีที่แล้ว

      Not sure if this helps but The 5000 is just a fixed cost and the 15x+0.01x^2 are variable costs

    • @janeyue7491
      @janeyue7491 ปีที่แล้ว

      I was thinking 15x means something that would costs 15 times as much as years comes by, but I wouldn’t know what. I was thinking when it comes to something with an x^2 on it, it got to be interest rates, because of F = P (1+ I) ^n

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    @mzanziretro2036 6 ปีที่แล้ว +1

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  • @princigupta2783
    @princigupta2783 6 ปีที่แล้ว +3

    Thanks a lot... I was confused about this topic since long tym.. But now u cleared all my doubts. 😊

  • @vinisilva3879
    @vinisilva3879 5 ปีที่แล้ว +2

    The problem regarding this kind of function is what the 0,01x^2 comes from? All equation, functions and etc, in the books mainly, have already given done, as such as magic, instead teaching is how to obtain the ^2, ^3 , etc...

  • @IsraelNathanael
    @IsraelNathanael 6 ปีที่แล้ว +9

    This was incredible, major help. Thank you!

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    @AnkaSimurgPphoenixx 2 ปีที่แล้ว

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  • @rogerroberts5529
    @rogerroberts5529 7 ปีที่แล้ว +3

    Great video to start with but you got me confused/lost at 12:33 where you divided the 0.01x over itself and over the 0.02x. If I'm not mistaken 0.02 dived by -0.01x you should get -2 and also also that the x would have cancelled each other.. but since my teacher haven't started teaching the topic I'll just wait until Tuesday to fully understand better. I'm sorry but I just cant move on futrher into the video until I can understand this matter

  • @zulaikhazakaria491
    @zulaikhazakaria491 5 ปีที่แล้ว +1

    Thanl you so much.. several hours before final and i'm watching this

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    @vennenmin123 7 ปีที่แล้ว +6

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  • @johnsuperhist5219
    @johnsuperhist5219 ปีที่แล้ว

    Chem tutor coming in clutch

  • @eniolaolatunji-aresa4864
    @eniolaolatunji-aresa4864 3 ปีที่แล้ว +2

    Thank you for the video sir. What if we were given Cost and Price then told to find the quantity

  • @dmezzio
    @dmezzio 5 ปีที่แล้ว +2

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    @razasyed575 3 ปีที่แล้ว

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    @UmarNaeem156 6 ปีที่แล้ว +1

    Thanks alot man .... Hatts off to you for such a long vedio which helps out me alot

  • @francismuiruri3393
    @francismuiruri3393 3 ปีที่แล้ว

    wow........well understood.....thank you very much......you the best

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    @evening-th5fk หลายเดือนก่อน +1

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    @samrasamra5363 5 ปีที่แล้ว

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    @fahadali5046 ปีที่แล้ว

    Outstanding video

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    @mateosingz1596 2 ปีที่แล้ว

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    @spinach7205 4 ปีที่แล้ว +2

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    @hammad3101996 7 ปีที่แล้ว +1

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    @beingentrepreneur4735 3 ปีที่แล้ว +1

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    @_neon_bab.e5779 5 ปีที่แล้ว +1

    really helping.......thanks

  • @23theshadowgirl
    @23theshadowgirl 4 ปีที่แล้ว +3

    We have average cost as AC in my microeconomic book if that helps anyone.

  • @mattfoster1746
    @mattfoster1746 ปีที่แล้ว

    I love your videos

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    @osamahorani2747 4 ปีที่แล้ว +1

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  • @ntuthukogabela7617
    @ntuthukogabela7617 2 ปีที่แล้ว

    sir u are a genius trult

  • @geetanjalisahoo9855
    @geetanjalisahoo9855 6 ปีที่แล้ว

    please please answer today Arabian maximizing monopolistic was a profit of at least 1500 rupees each function is equal to 500 + 4 + 8 square and his demand function is equal to 304 - 2 cube determine is output level q and price Pinterest these values with those that would be achieved on the profit maximization

  • @amritbhattacharjee5767
    @amritbhattacharjee5767 6 หลายเดือนก่อน +1

    Sir In the first question why did you take 5000 + 15x + 0.01x² as C(x)? Of anyone understands then please Answer.

  • @DungNguyen-dj2ut
    @DungNguyen-dj2ut 2 ปีที่แล้ว

    Character In the video It's great, I like it a lot $$

  • @johnaxhelimperial274
    @johnaxhelimperial274 2 ปีที่แล้ว +1

    Does average cost and actual cost same? If not then what is actual cost?

  • @karandhami1542
    @karandhami1542 4 ปีที่แล้ว +2

    19:20 how could you take cost function?? Is that given ??

  • @mansurissahaq628
    @mansurissahaq628 5 ปีที่แล้ว

    Very good sir you have really help me

  • @ephremkinfemichael6925
    @ephremkinfemichael6925 2 ปีที่แล้ว

    how u know every subject. tnx for every thing

  • @Gulligirl-b1i
    @Gulligirl-b1i 29 วันที่ผ่านมา

    Thank you!

  • @opokufrancis9653
    @opokufrancis9653 2 ปีที่แล้ว

    Well educative

  • @rashidkhan8161
    @rashidkhan8161 2 ปีที่แล้ว

    How to convert any linear cost function into quadratic cost function, normally cost function are linear

  • @datguyerik6073
    @datguyerik6073 หลายเดือนก่อน

    Great video, but did you make a mistake at 12:33?

  • @kateenyamaarhinful1364
    @kateenyamaarhinful1364 5 ปีที่แล้ว

    please for the second example of the average cost ,instead of dividing the total cost by x=548 to get the average cost, you put it in the marginal function which makes your answer wrong .....please clarify for me ......thank you

  • @nobuhledubazana1693
    @nobuhledubazana1693 2 ปีที่แล้ว

    Is it possible for A marginal cost/revenue/profit function to reach a relative extrema?

  • @Lineapetrela
    @Lineapetrela 5 ปีที่แล้ว +4

    i still dont understand what exatly c prime x means...

    • @gabbywambui63
      @gabbywambui63 5 ปีที่แล้ว +8

      First derivative of C(x)

  • @kerissalaptiste4933
    @kerissalaptiste4933 4 ปีที่แล้ว

    You're awesome 😢🥺🥰🥰

  • @mineyaman9908
    @mineyaman9908 5 ปีที่แล้ว

    can you do this please???
    Answer the Question
    A firms total revenue function is given as follows,
    TR = 100Q - 2Q^2
    a. What is the demand function for the firm?
    b. Find the marginal revenue for the firm.
    c. Does this firm operate in a perfectly competitive industry? Justify this answer.
    d. At what points is total revenue maximised?
    e. If the government sets a tax equal to tQ, where t = 2, find the new revenue maximizing point?

    • @harbinveli3487
      @harbinveli3487 5 ปีที่แล้ว

      A. The demand function is equal to marginal revenue
      B. Marginal Revenue is a derivative of TR, in this case 100-4Q
      C. The maximization point is where Marginal Revenue is Equal to Marginal Cost

  • @benrawarg
    @benrawarg 3 ปีที่แล้ว

    To find the minimum, couldn't you just derive the function and find it's roots?

  • @sicilianotoronto
    @sicilianotoronto 8 หลายเดือนก่อน

    at 14:23, how did you know to put the +15 + 0.01 and why is that term not squared? Thanks!

  • @jaliilshugriaden
    @jaliilshugriaden 10 หลายเดือนก่อน

    You are hero

  • @mugerashalifu9539
    @mugerashalifu9539 3 ปีที่แล้ว

    Given average cost function and demand function find the maximum level of total revenue help me please

  • @LorettaAhenkan-bi9hb
    @LorettaAhenkan-bi9hb 4 หลายเดือนก่อน

    How did you get the expression for the c(x) I'm lost

  • @geetanjalisahoo9855
    @geetanjalisahoo9855 6 ปีที่แล้ว

    revenue maximizing monopolist requires a profit of at least Rs 1500 is cost function is equal to 500 + 14 + HQ square and his demand function function is P equal to 30 4 - 2 cube determine his determine his outputlabel q and price Pinterest these values with those that would be achieved under profit maximization please answer today

  • @techundercover3899
    @techundercover3899 2 ปีที่แล้ว

    Isn’t the marginal cost when x=100, the cost of the 100th unit not the 101st unit

  • @吳詩曼-h5v
    @吳詩曼-h5v 5 ปีที่แล้ว

    Thank u !!! U rescue me !!!!!

  • @hannahfraser5600
    @hannahfraser5600 4 ปีที่แล้ว

    Can someone work this question for me, please
    If a company invests x thousand dollars in advertising, the demand for its product will be D(x)=2000 x^2+900 x+60 items. Find the rate of change in demand with respect to advertising dollars when $1500 is spent on advertising.

    • @amiramz7869
      @amiramz7869 4 ปีที่แล้ว

      i think u derive the demand function with respect to x first and then substitute 1500 as the value x

  • @M23326-h
    @M23326-h 2 หลายเดือนก่อน

    Thankss❤❤

  • @kentheengineer592
    @kentheengineer592 ปีที่แล้ว

    If I Give PPL Funds To Afford My Product Then I Dont Make a Profit But If I Dont Give PPL Funds To Afford My Product Then How Can I Make The Sale When No One Has The Funds

  • @mertmert324
    @mertmert324 5 ปีที่แล้ว

    Thanks sir

  • @jowbanabdullahi6363
    @jowbanabdullahi6363 6 ปีที่แล้ว

    Thanks

  • @oweny6609
    @oweny6609 5 ปีที่แล้ว

    You never covered how to find the price per unit using price demand function. This confused me more.

  • @nayaart6373
    @nayaart6373 6 ปีที่แล้ว +1

    bro i didn't understand !!! in the first example where from u get the 5ooo and what is it !? and the 15 also what is it?! and 0.01!? can you please explain what are those numbers ! and where from u get them ?!
    i have a question which price revenue is maximized and for which price profit is maximized?
    2014 quantity 10300 unit price 15
    2015 q 8100 p 17
    2016 q 7400 p 18
    thank you

    • @rahinaaliyakubu6908
      @rahinaaliyakubu6908 3 ปีที่แล้ว

      That’s the cost function of the question.He just didn’t write in the question

  • @HappyKat13luv
    @HappyKat13luv 7 ปีที่แล้ว +6

    Sorry, but you jumping around kind of really confused me a lot. The video helped with learning what all the terms meant, though. Thanks.

  • @emilykamanja609
    @emilykamanja609 6 ปีที่แล้ว

    Thank you!

  • @fallout6067
    @fallout6067 5 ปีที่แล้ว

    12:25 can someone explain to me why did he subtract them by 0.01x

    • @enderzebak2863
      @enderzebak2863 5 ปีที่แล้ว

      to find the x.ur moving the value to opposite side so opp becomes negative

  • @sirbudu
    @sirbudu 6 ปีที่แล้ว

    AWESOME

  • @brianp8138
    @brianp8138 5 ปีที่แล้ว +1

    You sound like good will hunting

  • @Seastric
    @Seastric 6 ปีที่แล้ว

    THANKS ALOT

  • @H.sena1111
    @H.sena1111 6 ปีที่แล้ว

    perfect

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    @zinniasultana9163 6 ปีที่แล้ว

    awsm

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    @6thaffiliate ปีที่แล้ว

    About to fail a test in 15 minutes 😢

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    @nomalungelomanana1283 4 ปีที่แล้ว +1

    tamara mulenga

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    @mikem4481 ปีที่แล้ว +1

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    @robertk4392 4 ปีที่แล้ว

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