Perfect Competition Example Problems: Algebra Based Solutions

[@motunrayosowunmi7858]

OMGG...I'm so glad I found this page. It was explained so well and in detail while also showing various ways to solve a question. I'm definitely going to keep coming back here. Kindly, upload more videos on complex questions on market structure and also, other economic topics.

[@sahilkatoch4588]

Well explained... Upload more of such questions on market structure

[@ukvick]

Nice one, But instead of saying the slope of 12Q is 12 why not say, Differenciate or take the 1st Derivative of TR to get MR incase someone is not good at economietrics to understand slopes

[@mubianamutale6607]

Awesome I think it would be better if you did more of such👌

[@AimaOj.]

I found this super helpful. Thanks!

[@christinebrun7828]

Great video! Thank you!

[@nalikenalikando1413]

Excellent explanation...Very helpful 🙏

[@Mudenda_M]

You're the best !!!

[@education7457]

Wow ✌️ very nice explanation many thanks

[@anushkadas2717]

It is super helpful!...Thank u...need more such excellent content.

[@SureshKumar-mh2yn]

Wao nice lecture Sir
Thank you so much 🙏😊.

[@kuroe10]

1000x very much thank you

[@EconomicsinManyLessons]

You are welcome! Thank you for watching!

[@katherinehudson1977]

Thank god for youtube I have hope finishing uni lool

[@onnotube.bangla]

Thank you so much♥

[@EconomicsinManyLessons]

You are very welcome!

[@ShaileshKumarPandey11]

Very helpful and informative

[@sophiaisa5974]

Thanks so much

[@EconomicsinManyLessons]

You are welcome!

[@david-qr7kz]

@@EconomicsinManyLessons for problem 1 cant i just find the integral of MC to get TC?

[@EconomicsinManyLessons]

​@@david-qr7kz Yes, you will get TC = Q^2/4 + fixed cost.

[@zara4529]

THANKS! it helps me a lot.

[@vugiabaonguyen4660]

why does at 9:32 profit = (P - AC) x q???

[@EconomicsinManyLessons]

(P - AC) x q. Note: p x q is total revenue. AC x q is total cost. So that expression is equivalent to total revenue - total cost.

[@santiagorojaso]

Thank you so much!!

[@arjanbaraku6281]

What does MC=0.5Q mean???

[@rubyjane3063]

very helpful

[@gihansandeepa9403]

thanks a lot.

[@chatgwani]

Why is the derivative of 0.125Q^2 0.25q instead of 0.125q? Or does it mean same thing?

[@EconomicsinManyLessons]

The exponent comes down in front, so you get 2 x 0.125Q^(2 - 1), and you need to subract one from the exponent to get 0.25Q.

[@oyungrwothjeraline632]

Thanks allot

[@emmanuelniyodusenga758]

❤

[@chandrayeemalakar2232]

too basic sums.. these kinds do not come on tests

[@sunnymann9639]

It is to grasp the main concept of these videos. You need to improve your algebra skills not his fault.