Cost functions: TC to MC, TC=FC+VC. Math with context.

This video starts with a total cost equation and then derives fixed and variable costs, and average variable, average fixed, and average total cost. Last, I use the total cost curve and the power rule to derive the marginal cost curve. This video is intended for an intermediate microeconomics course, but will be useful to introductory students with sufficient mathematical preparation.

[branimirvalentic]

why did it take me like 20 mins to find someone to explain me this plainly and simply

[nathanieltan]

u summarised an hours worth of lectures into a 4 min video.. thanks haha

[cnkkodani]

Holy crud, MC is derivative. IT ALL MAKES SENSE NOW.
Check out this other vid if you need more info.
" Cost Function - Solving for Total, Fixed, and Variable costs - Sample Problem without calculus " by jsearcysfc

[BucklesB]

Greatly appreciated and needed this! This helped for an online class I’m taking. Thanks!

[rinapup]

OMG thanks a lot! Im from russia amd theres no good information on this in russian, ive been looking for this for 3 days now. I understood most of it before, but how to calculate MC was a mystery for me! thank you a lot!

[eri]

Is this like for University in the US?

[MuhammadIrfan-rscx]

You have nice method of teaching l can liked you so much

[animeshsharma]

Hey dude, got a question....how to determine at what outcomes AVC and MC will be minimum

[ravigehlot]

Thanks sir it was too helpful for me to understand

[nurulhikmah]

Hi, can u explain why does total fixed cost not depend on Q? will total fixed cost always be a constant?

[yiwrgossp]

Great video, but I cannot figure out how 1000/Q was eliminated in the MC function

[grgn]

I don't understand why the derivative of ATC is 200-20Q. Wouldn't it be just 10, since the derivative of 1000/Q is 0, 200 is 0 and 10Q is 10? Could somebody please help me with the short explanation?

[mekonenassefa]

Find VC, TC, , MC, AC for the line that passes through the point P(2, 5) with slope m=6

[alexa-lvdi]

how do i find short run supply function when AVC is a linear equation, therefore i cant find a minimum value for price and quantity?

[uinudpp]

Thank you very much. My girl friend ask me for this and i haven't study economic.