Y2 3) Marginal and Average Cost Curves (MC & AC)

Y2 3) Marginal and Average Cost Curves (MC & AC). Everything you need to know about the marginal cost and average cost curves - their shape, why they have that shape and how to calculate them

[stevenyang]

this video is really amazing. it makes everything much easier and clearer than a 1-hour lecture from uni

[markasb]

how do you know exactly what i am studying right now? Must be the same powers that enable you to do this all in one take

[econdojo]

it'd be helpful to also explain why MC passes through the min point of AC.

[gordonsalive]

I stumbled across this video having studied economics years ago. Very well explained.

[onesmebikorimana]

thank you for sharing this video it real helped me for tomorrow class

[shiinyan]

That is the best explanation i could find

[Nikl]

That was awesome! Though I was a bit confused as you used the general formula for the Total or Average figure of something while in our module guide it was AC = TC / TP instead of Quantity.

[chiragpatel]

Thanks man... u did a great job...! Looking forward for many such. Regards!

[xxxxxxy]

Could you please explain more about how AC is shaped based on the law of diminishing returns in words?

[brittanyjohnson]

thank you, your videos saved my presentation.

[alexandraflynn]

Still dont get what happens when AC=MC, like why is AC intersecting MC when MC increases

[truchale]

You saved a life. Thank you so, so much.

[KantanaHope]

I have really enjoyed and understood the Marginal revenue, total revenue curves but i do need another help on total utility and marginal utility curves please
Am from uganda

[zidanhussain]

It feels like this man has achieved nirvana.

[jsh.o]

Bros fully carrying me through a level economics

[rosahu]

omg when he said MC and AC were just MP and AP flipped 🤯🤯

[WiseWisdom]

Ur voice resembles to that of former cricketer Michael Atherton ❤

[tpainterx]

Great video mate thanks a lot really helping me out with my A levels 👍🏼

[jameshastie]

Thank you very much for this helpful video

[FouziaMaryam-bc]

how did he calculate marginal cost? i didnt understnd