Average and Marginal Cost (MC, ATC, AVC, AFC)

Rohen Shah explains Marginal and Average costs.
www.DiagKNOWstics.com
www.BestEconTutor.com

[@ToriGong]

I go to uc berkeley and you literally taught this better than my professor.

[@Diagknowstics]

Thank you so much for the kind words, Tori! :)

[@drzeducation3330]

When your doing the IB in grade 11 and studying this lol

[@Edwin-km4xk]

Thank you very much! Our teacher gave us a graded homework on these notions without explaining them! You saved me. Everything became clear after the video. Again, a big thanks!

[@Diagknowstics]

Thanks for the kind words! you're very welcome :)

[@Edwin-km4xk]

@@Diagknowstics you deserve it. Thanks!

[@ijeomaegelamba2953]

I have learnt a lot in one night..best Tutor!
Thanks so much!

[@rebeccashah955]

Thank you!!

[@ChristineWaters]

Super understandable way to explain these. Thank you!

[@Diagknowstics]

You're very welcome! Thank you for the kind words!

[@AD-mm4ns]

I have difficulty understanding the concepts, however, you are better explaining. I will suscribe. thanks.

[@Diagknowstics]

Thanks you for the kind words! :)

[@paulharrington7602]

way better than my professor, thank you!

[@Diagknowstics]

Thanks for the kind words! :)

[@hansmogeni7652]

Thank you. I understand the topic much better now

[@Diagknowstics]

you're welcome! thanks for the kind words!

[@vidhiupadhyay8981]

No seriously my concept is clear now.... Thanks 💕

[@Diagknowstics]

Glad to hear that! :)

[@ulkerismayilzade8931]

Thanks for perfect explanation

[@Diagknowstics]

You're very welcome! Thanks for the kind words :)

[@0Izabella]

Thanks for the video

[@Diagknowstics]

You're welcome! :)

[@jaybabaofficial]

Thank you from India sir

[@Diagknowstics]

You're very welcome! :)

[@lofi3000]

Great video, thank you.

[@pengfeiji9237]

really good

[@musicforyoursoul7521]

Thank you for the video)

[@Diagknowstics]

Anytime! :)

[@ThatsGraceFamily]

What if my last column ask for Demand. How do I calculate that?

[@nuralianatasha123]

Tq so much!

[@Diagknowstics]

you're welcome! :)

[@aimanprinces5098]

assalam o alikum sir i have question find total variable cost when MC =12Q^2-3Q+10

[@Diagknowstics]

Great question! Technically (and this is beyond introductory econ), the relationship between MC and VC is that MC is the derivative of VC. This means that VC is the integral of MC. So, when you take the integral of that function, you should get VC = 4Q^3 - 3/2Q^2 + 10Q. You can verify your answer by taking the derivative of the VC to make sure you get the original MC.

[@sadiakoreshi2716]

You are requested to teach us cost analysis maths for managerial economic MBA course, thank you

[@razvichannel4160]

How to calculate ??

[@kefuoemaseli2502]

I'm so confused because I don't have FC

[@razvichannel4160]

Unit 5 Tc 6000 Avc??