In this video we cover the idea of marginal cost. This is simply the derivative of the cost function. We can roughly define marginal cost as the cost of producing one additional item. For more videos please visit http://www.mysecretmathtutor.com
From playlist Calculus
Section (2.7) Marginal Analysis
Applied Calculus – Section (2.7) Marginal Analysis This lecture defines marginal cost, revenue, and profit. We use the derivative to evaluate marginal change at a specified level of production and compare the result to the exact monetary change when production increases by one unit. Then w
From playlist Applied Calculus
Evaluating Limits Definition of Derivative
I work through 2 example evaluating the limit definition of a derivative. Check out http://www.ProfRobBob.com, there you will find my lessons organized by chapters within each subject. If you'd like to make a donation to support my efforts look for the "Tip the Teacher" button on my chann
From playlist Calculus (New)
Unit 5 - practice problem 2 solution
From playlist Courses and Series
Calculus 1: Max-Min Problems (25 of 30) How to Calculate Marginal Cost: 2 Methods
Visit http://ilectureonline.com for more math and science lectures! In this video I will find, using algebraic and derivative methods, marginal cost =? (cost to produce 1 more) given C(x)=200+4x+0.01x^2. Next video in this series can be seen at: https://youtu.be/_pECagvVywc
From playlist CALCULUS 1 CH 8 MAX MIN PROBLEMS
What is a marginal probability?
An introduction to the concept of marginal probabilities, via the use of a simple 2 dimensional discrete example. If you are interested in seeing more of the material, arranged into a playlist, please visit: https://www.youtube.com/playlist?list=PLFDbGp5YzjqXQ4oE4w9GVWdiokWB9gEpm For mo
From playlist Bayesian statistics: a comprehensive course
1 - Marginal probability for continuous variables
This explains what is meant by a marginal probability for continuous random variables, how to calculate marginal probabilities and the graphical intuition behind the method. If you are interested in seeing more of the material, arranged into a playlist, please visit: https://www.youtube.c
From playlist Bayesian statistics: a comprehensive course
Intro to Imperfect Competition- Micro Topic 4.1 (Part 1 of 2)
This is my 60ish second explanation why the MR curve is less than the demand for all imperfectly competitive firms (except for price discriminating monopolies). Keep in mind that a monopoly must lower the price of all units to sell more so the additional revenue they get is the price minus
From playlist Micro Unit 4: Imperfect Competition
Thank you for watching my econ videos. In an AP or introductory college microeconomic course you must draw, shift, and explain a bunch of graphs, including: supply and demand, perfect competition, monopoly, monopolistic competition, monopsony, externalities and more. In this video I explai
From playlist Micro Unit 6: Market Failure and the Government
Micro 5.3 Comparing Product and Resource Markets: Econ Concepts in 60 Seconds- Review
Mr. Clifford's 60 second explanation of the differences between a perfectly competitive product market and a perfectly competitive resource market. Notice that the firms both have a horizontal curve but in the product market it is demand and in the resource market it is supply. Pease keep
From playlist Micro Unit 5: Factor (Resource) Markets
Soft Margin SVM : Data Science Concepts
SVM for REAL data. SVM Intuition Video: https://www.youtube.com/watch?v=iEQ0e-WLgkQ Hard-Margin SVM Video: https://www.youtube.com/watch?v=bM4_AstaBZo Hinge Loss Video: https://youtu.be/eKIX8F6RP-g
From playlist Data Science Concepts
Lump Sum and Per Unit: Econ Concepts in 60 Seconds
My 60 second explanation of the difference between lump sum and per unit subsidies. Remember, lump sum affects only fixed costs so MC won't shift. A per unit subsidy will affect MC and therefore output. Please keep in mind that these clips are not designed to teach you the key concepts. Th
From playlist Micro Unit 6: Market Failure and the Government
16 Machine Learning: Support Vector Machines
Support vector machines, including projection to a higher dimensional predictor feature space.
From playlist Machine Learning
Lec 4 | MIT 14.01SC Principles of Microeconomics
Lecture 4: Preferences and Utility Instructor: Jon Gruber, 14.01 students View the complete course: http://ocw.mit.edu/14-01SCF10 License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu
From playlist MIT 14.01SC Principles of Microeconomics
(PP 5.2) Marginals and conditionals
(0:00) The marginal PMF. (2:00) Marginalization. (6:53) The conditional PMF. (9:40) Conditional expectation for discrete random vectors. A playlist of the Probability Primer series is available here: http://www.youtube.com/view_play_list?p=17567A1A3F5DB5E4
From playlist Probability Theory
From playlist Courses and Series
Lec 14 | MIT 14.01SC Principles of Microeconomics
Lecture 14: Monopoly Instructor: Jon Gruber, 14.01 students View the complete course: http://ocw.mit.edu/14-01SCF10 License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu
From playlist MIT 14.01SC Principles of Microeconomics
(PP 6.8) Marginal distributions of a Gaussian
For any subset of the coordinates of a multivariate Gaussian, the marginal distribution is multivariate Gaussian.
From playlist Probability Theory