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
Finding the Marginal Cost Function given the Cost Function
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From playlist Calculus
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
Ex 2: Cost Function Applications - Marginal Cost, Average Cost, Minimum Average Cost
This video explains how several application of the cost function including total cost, marginal cost, average cost, and minimum average cost. The total cost function is a quadratic function. Site: http://mathispower4u.com
From playlist Applications of Differentiation – Maximum/Minimum/Optimization Problems
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From playlist Business Applications of Differentiation and Relative Extrema
Ex 1: Cost Function Applications - Marginal Cost, Average Cost, Minimum Average Cost
This video explains how several application of the cost function including total cost, marginal cost, average cost, and minimum average cost. The total cost function is a quadratic function. Site: http://mathispower4u.com
From playlist Applications of Differentiation – Maximum/Minimum/Optimization Problems
Ex: Determine Total Cost and Marginal Cost (No Derivative)
This video explains how to find the total cost given an input to the total cost function. It also explains how to find the marginal cost. Site: http://mathispower4u.com
From playlist Determining Linear Equations of Lines in Slope-intercept Form
(THE LOST EPISODES) Monopsony Factor, Perfectly Competitive Output
In this video, I go into the formal model of Monopsony in more detail. As you would expect, a less competitive buyer's market means a better price for the buyer -- in this case, lower wages for workers (and fewer workers hired). "(THE LOST EPISODES) Monopsony Factor, Perfectly Competitiv
From playlist Microeconomics modules
Find the Cost Function given the Marginal Cost and Fixed Costs
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From playlist Calculus
ETH Lecture 10. Economic Dynamics: Production Functions (24/11/2011)
Course: Systems Dynamics and Complexity (Fall 2011) from ETH Zurich. Source: http://www.video.ethz.ch/lectures/d-mtec/2011/autumn/351-0541-00L.html
From playlist ETH Zürich: Systems Dynamics and Complexity (Fall 2011) | CosmoLearning Mathematics
(The Lost Episodes) Perfectly Competitive Factor and Output Markets
The first of four cases for a firm operating in a factor market, this looks at a firm that competes with many other firms not only to sell its product, but to purchase its resources. "(THE LOST EPISODES) Perfectly Competitive Factor and Output Markets" by Dr. Mary J. McGlasson is licensed
From playlist Microeconomics modules
Negative externalities | Consumer and producer surplus | Microeconomics | Khan Academy
Taking negative externalities into account when thinking about the optimal equilibrium price and quantity Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/consumer-producer-surplus/externalities-topic/v/taxes-for-factoring-in-negative-externalitie
From playlist Market failure and the role of government | AP Microeconomics | Khan Academy
Taxes for factoring in negative externalities | Microeconomics | Khan Academy
How to factor in negative externalities through taxation Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/consumer-producer-surplus/externalities-topic/v/positive-externalities?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Missed the
From playlist Market failure and the role of government | AP Microeconomics | Khan Academy
Ex 2: Marginals and Marginal Average Cost
This video provides examples of how to determine marginal average cost and interpret the meaning of marginal average cost. Complete video library at www.mathispower4u.com
From playlist Business Applications of Differentiation and Relative Extrema
15. Input Markets I—Labor Market
MIT 14.01 Principles of Microeconomics, Fall 2018 Instructor: Prof. Jonathan Gruber View the complete course: https://ocw.mit.edu/14-01F18 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62oJSoqb4Rf-vZMGUBe59G- This lecture covers factor markets, the markets that set th
From playlist MIT 14.01 Principles of Microeconomics, Fall 2018
Externalities (Part 1) - Negative Externalities- Micro Topic 6.2
Mr. Clifford's 60 second explanation of negative externalities (aka: spillover costs). Notice that there are two different supply curves. One is the marginal private cost which ignores the spillover costs and the other is the marginal social cost (MSC) which includes the additional costs
From playlist Micro Unit 6: Market Failure and the Government
(THE LOST EPISODES): Monopsony Factor, Monopoly Output
In this video, I take a look at the worst of all combinations for the employee -- an employer who has a monopoly on the product that they sell, and monopsony power as a hirer of labor. "(THE LOST EPISODES) Monopsony Factor, Monopoly Output" by Dr. Mary J. McGlasson is licensed under a Cre
From playlist Microeconomics modules
Lec 18 | MIT 14.01SC Principles of Microeconomics
Lecture 18: Factor Markets 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
Marginal Cost and Average Total Cost
This calculus video tutorial provides a basic introduction into marginal cost and average cost. The marginal cost function is the first derivative of the total cost function. The average total cost is the total cost divided by the production level which represents the number of units. T
From playlist New Calculus Video Playlist
Externalities (Part 2)- Positive Externalities- Topic Micro 6.2
Mr. Clifford's 60 second explanation of positive externalities (aka: spillover benefits). Notice that there are two different demand curves. One is the marginal private benefit which ignores the spillover benefits of flu shots and the other is the marginal social benefit (MSB) which inclu
From playlist Micro Unit 6: Market Failure and the Government