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
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
Marginal Cost, Marginal Revenue, and Marginal Profit
This calculus video tutorial provides a basic introduction into marginal cost, marginal revenue, and marginal profit. It explains how to find the production level that will maximize the profit generated by a company. The revenue function or sales function is the product of the production
From playlist New Calculus Video Playlist
Unit 7 - no price discrimination part 2
From playlist Courses and Series
Ex: Given the Cost and Demand Functions, Maximize Profit
This video explains how to maximize profit given the cost function and the demand function. Site: http://mathispower4u.com
From playlist Applications of Differentiation – Maximum/Minimum/Optimization Problems
Unit 4 - social surplus part 1
From playlist Courses and Series
Unit 7 - price discrimination part 3
From playlist Courses and Series
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
Unit 3 - practice problem 3 solution
From playlist Courses and Series
Mod-01 Lec-28 The centrality of the idea of efficiency in the study of market
History of Economic Theory by Dr. Shivakumar, Department of Humanities and Social Sciences IIT Madras, For more details on NPTEL visit http://nptel.iitm.ac.in
From playlist IIT Madras: History of Economic Theory | CosmoLearning.org Economics
16. Input Markets II—Labor and Capital
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 continues to explore factor markets, using min
From playlist MIT 14.01 Principles of Microeconomics, Fall 2018
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
Unit 8 - practice problem 1 solution
From playlist Courses and Series
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
The Push-Up Machine - Labor Market Activity
This is a great activity to simulate the labor market and show how a business decides how many workers to hire. Watch the video and see if you can figure out the following: 1. How many workers should be hired to maximize profit? 2. What output should be produced to maximize profit? 3. How
From playlist Micro Unit 5: Factor (Resource) Markets
(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
Mod-01 Lec-22 More on Equilibrium: Cournot, Dupuit, Gossen, von Thunen
History of Economic Theory by Dr. Shivakumar, Department of Humanities and Social Sciences IIT Madras, For more details on NPTEL visit http://nptel.iitm.ac.in
From playlist IIT Madras: History of Economic Theory | CosmoLearning.org Economics
(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
How many people to hire given the MPR curve | Microeconomics | Khan Academy
Thinking about how many people it makes sense to hire. Brief discussion of a monopsony. Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/firm-economic-profit/labor-marginal-product-rev/v/adding-demand-curves?utm_source=YT&utm_medium=Desc&utm_campa
From playlist Factor markets | AP Microeconomics | Khan Academy
Ex: Profit Function Application - Maximize Profit
This video explains how to maximize a profit function using calculus methods. Site: http://mathispower4u.com
From playlist Business Applications of Differentiation and Relative Extrema