Maximizing Profit Practice
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- Опубликовано: 16 окт 2024
- In this video, I explain how to identify the profit-maximizing quantity and calculate total revenue and profit. MR=MC is the most important concept in microeconomics. Thanks for watching.
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Everyone, please pray for Jacob Clifford. He suffered a terrible back injury after carrying my whole econ grade this semester.
Virginia Mooney
Hahaha funny joke but don’t curse the great sir Jacob Clifford like that. Long live the honourable sir Jacob Clifford.
@Manit Chaturvedi lmfao
This legendary man Jacob Clifford better never retire from being a teacher so he can push every generation of idiots trough graduation :D
🤣🤣🤣🤣
You almost made me panic 😂🥺 hee carrying me through!
It blows my mind that you can explain a concept in 4 minutes that my teacher couldn't help me understand in an entire semester.
Keep up the awesome work, you have some seriously lucky students!
We are coming into the final month of the semester and i almost want to know why our professors could not teach ...clearly ... these concepts, as well as this guy did.
only because he's being friendly
Really - one whole semester?
Not all heroes wear capes and you're one of them. Thanks dude :)
Exactly
Mate whoever is employing you isn't paying you enough...
I wish I found your page at the beginning of my semester. Exam is tomorrow and I've learned more than I have in the past 3 months. You sir are a legend.
When you're exam is tmrw so you gotta learn the whole semester as fast as possible
yo I feel this on a spiritual level. currently dying
that's me right now for my exam tmrw
got mine tomorrow, feels
Same
Lol my exam is in 6 hours XD
Thanks man these videos are awesome. Final exam tomorrow for Micro and you're helping me kill it!
+Andrew Procknow Good luck
I love the fact that I can learn material on this channel after an hour of watching a bunch of 5 min videos, better than I could learn it in a daily hour long class for 3 weeks. Thanks for saving my grade Mr. Clifford
Thank you so much Mr Clifford , I am from South Africa , Durban I passed economics because of your videos and introduced some of my fellow students.
Thanks Jacob! I’m in my MBA and the professor is a talker and not an engager. I actually understand your explanation. Much appreciated!
I wish I would've discovered this man at the beginning of the semester!!! Ugh.
same thought
I can't study the whole 4 chapters right now cause my test is tomorrow and you're really helping me. Thank you.
+Bulletproof 383 I'm glad I could help
My professor took an entire 3 hour class to explain this concept and I still had trouble understanding it lol. You are amazing at teaching Econ
My microeconomics teacher is straight off the boat from South Africa so there is a HUGE language barrier, not to mention his horrible analogies and examples he uses when trying to explain something. You are practically teaching me the material, i just sit in his class and try not to let him confuse me. Thank you for all you do!
Man all i have to say is that you're a legend and you should deffo be nominated for world's best teacher awards in fact you're a life saver tbh
YOU HAVE SAVED MY LIFE IN ECON!!
I have my terminals in 30 mins. Watching all your lectures at 2x speed right now. Such nice concept clarity
I am in business, and taking Econ at the same time. I was confused until I found your videos. Great job thank you
I'm watching these videos to get myself ready for Micro this semester. Thanks for producing such consistent, high quality content!
Understood what I was not able to understand for the last 2 months
Never Stop making these life saving videos...
This video has been great, you just got me to understand the concept with a four minute vid, my lecturer has been going over this for the last 3 lectures with no success.
My final exam on Microeconomy is coming. This channel is very helpful, explain clearly with example, graph and chart. Thank you for sharing.
thank you Mr Jacod i was struggling for months to learn this lesson you made it way too easier. love from sri lanka
Thank you Mr. Clifford for your videos! I used to hate econ and failed the paper. This time I'll be able to do better thanks to your videos. Love from Sri Lanka 🇱🇰
my economics exam today... thankfully I got something helpful...😊 thank you very much sir...
my college lecturer sucks when he attend classes thanks to u sir you rocked and i passed my exam eco. exam thanks a lot
my lecture have tried to explained this to me and its tuk him 90 minutes lol funny u turned it into 4mins..keep t well tnx
Last minute study b4 exam very infomative!!!
Thank you very much for this video. I didn't understand why the marginal revenue is the same as the price ( at 1:39 ) . From France .
my econ exam is in two days and i'm in the 2020 wave of online learning, this man is carrying my grades for my intro to microecon class
same my final is due at midnight 🥲 i wish i had found him earlier lol
Serious one amazing teacher. You explain such easy concepts in such an easy way and don't complicate them. I would have no idea what is going on in my class without your videos.
I've been a fan of Khan Academy but I stay firm with the belief that Warren Buffet said it best, " Everyone has their own circle of competence" . Mr. Clifford, I keep coming back to your videos about economics due to the fact that you just don't present it in a fashion that is very friendly but because you make it so easy to comprehend and you always apply real-world scenario. Cheers! I'll buy you a beer if you ever make your way here in Europe.
whatever I learn from u I can recall anytime after 10 years. good job
This man is saving my grade right now, why is my econ teacher so much worse at teaching? especially when we are having online class and we don't have much time to ask questions, it's just so frustrating.
Thanks man, your explaining is solid and clear, got my finals tomorrow
Learned the concept of maximizing profit in less than 5 minutes. WORTH IT.
Here I am turning pages of reference books and suddenly I find these videos. True, reference books are great, but if you wanna learn something urgently (as in if you have an exam tomorrow :P ) there are gems. GEMS. Thanks man. You da real MVP.
I'll try and share these as much as I can.
Thanks for your help with these videos. They make the principles clearer and easy to practice.
Thanks so much, Jacob....I swear my lecturers complicate economics...You make it so simple that even an 8-year-old could learn economics.
WOW! You make economics so easy to follow. I understand it 100x better when i see your videos..
Thanks teacher, great way to explain, a little faster, for non native like me, but can understand at the end. It help me a lot to grab these concepts.
Very clear and easy to understand. Totally suitable for what I have learnt in the UK. Thanks so much!!
Thank u very much , I can't describe how I'm happy to find ur channel I have my economics final exam tomorrow , and this helped me understand some points was difficult for me so thanks again my best wishes
+Hala Elmeligy Thanks Hala. Please subscribe and tell your friends. Good luck on you final
+ACDCLeadership don't worry I have told them .. ;) .. and subscribed ur channel .. :)) you deserve more
Thanks
YOU ARE MY ECON-GURU.... THANK YOU SO MUCH SIR... MAY GOD BLESS YOU
you are hands down one of the best teachers I know. very very sweet of you to help the world like this. thank you so much, brother. cheers!
thank you so much Mr. Clifford ,this was very helpful , I really love your teaching methods .
your coming in clutch 9 years later thanks broski. Doing my exam in 10mins!!
this dude is rockin the ac/dc belt buckle so dope. great content.
I have been struggling to calculate MC so long, thank you so much
I wish I found this guy earlier half of my first year econ class is failing and that includes me so hopefully this can help me clutch the final 🙏
All the people dying in econ in the comments make me feel more at home when I'm dying from lack of understanding from my shitty professor. My exam is friday and my prof was in his first semester teaching. If you're dying, you'll make it. This comment section is a treasure trove of hope. Shoutout to the real homie explaining all these concepts. Bless
This dude is a life saver.
His making ma life easy wit microEconomics
bro after a while this becomes common sense. Thank you Mr. Clifford!
I LOVE ACDC Videos!!! everything is soo clear now! The explanations are awesome !
2:33 correction i think.. TR = Price x Quantity and there for it should be "the firm is selling 5 units at $30 which equals 150 as the TR"
This is probably the best explanation of this topic.
Your videos are the only ones the explain exactly what I need to know. Thank you!
Such a great video. Literally wasted 2 weeks learning this in the Uni material and this took 4 mins. I hate Uni texted books.
Not me with an exam in the next two hrs and passing through this videos helping have an idea of what I have been doing the whole semester
Sir. Jacob Clifford , you are a great teacher. I learn the hole semester well in few hours with you.🌹🌹🌹
I swear to god this is a gold mine :D !!!! your enthusiasm is inspiring !!
keep talking fast its good keeps me motivated, i can pause and rewind
wow thank you very much! have my exam tomorrow and this is saving me!!!!!
+Bruno Burghgraeve Good luck
thank you!
thank you thank you! your videos are the reason I passed econ! thanks and great job!
I cant believe that i actually understood what you've just said 😄
You're saving my life, i can finally enjoy studying this economics stuff.
You're great, keep it up 👍🏼
Honestly the best youtube channel I have ever found for education. Do you have one where you teach math? Also do you offer online classes?
So helpful. Now I can finally understand ECON. Thanks Mr. Clifford!
You just earned a new follower good sir. This 3:46 second video taught me more than the last 2 weeks did trying to learn profit maximization from an online book. Thank you Jacob!
We are following you all the way from Kenya-Econ at MBA level. You Rock!!
I like the ACDC belt buckle! Keep posting the videos, they're super helpful!
I have 4 hours left for the final exam and 'm getting this calculating stuffs which i couldn't get any point of it whole semester. Thanks Jacob i mean thanks a looooooot.
Fantastic Mr Clifford! I would not be understanding Economics if not for you. YOU ROCK
This is intellectually stimulating. A book I read with like-minded themes was groundbreaking. "Dominating Your Clock: Strategies for Professional and Personal Success" by Anthony Rivers
This is a life saver. Thank you for all your videos!! You have no idea how much they help.
Thank you so much this video help me a lot
you explain better than my professor in a short period of time
"MR doesnt always have to equal MC"
This may be the most useful advice Ive ever heard
This is my first comment in RUclips ever.. and I gotta say this.. you are great teacher, I was about to drop this subject but you made it easy to continue.
Thanks
Very good explanation. Will absolutely recommend this to any one
Pls explain the scenario of loss also in the perfect competition
Hi. I just bought your review packet to support you and the fact that I want to learn
seriously helped me a lot throughout this semester! thank you!
You just saved my whole career. Thanks
Can you make a video on monopolies, monopolistic competition, and oligopolies?
couldnt focus on the video because of your acdc belt !!
you're awesome by the way :)
Thank you Mr. Clifford - I am finally clear on this topic from your video. It helped.
salam jacob, you save our precious time with your hard efforts.thank you and keep it up!
Thank you 🙏. I was able to skip an hour lecture for a frw minute video.
bro best econ teacher ever!!!
I slow these down by half and get everything
Thank you!
I want to know one thing. where did you get the numbers after Marginal revenue? Did you actually calculate or did you choose them randomly? thanks for answer in advance
you are definitely a great tutor Mr J
I've got an exam in a few hours. This has been very helpful
I don't know what to say. I just love you man . you are amazing
keep it up. has helped alot. thanks Mr Clifford!
I'm going to write a test tomorrow about this so thanks a lot man
You are brilliant Mr Clifford. Good job, and you make this seem so easy and in such a little time too.
Well this helped. I kept thinking the marginal cost had to literally be equal to the marginal revenue and the tables from my notebook confused me because they weren't the same values or equivalent.
Oh my god, this is so helpful, now i finally understand what is profit maximizing
I LIKE YOUR VIDEOS AND THE SPEED OF YOUR SPEECH
hey jacob, just a tip. the playlist of micro eco unit3 is in the wrong order. this video shld be after the one which explains the whole MR=MC concept.
thanks for ur help that lead me back to the bright side of econ