Marginal Revenue, Average Cost, Profit, Price & Demand Function - Calculus

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  • Опубликовано: 16 ноя 2024

Комментарии • 114

  • @TheOrganicChemistryTutor
    @TheOrganicChemistryTutor  10 месяцев назад +5

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    • @EthelChivonivoni.1
      @EthelChivonivoni.1 7 месяцев назад

      for the second example when calculating the production level that will minimize average cost you made an error you used 300 000 instead of 30 000 may you clarify
      25:47

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    @stevejohargy1224 6 лет назад +290

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  • @PyreeMincer
    @PyreeMincer 2 года назад +18

    15 minutes of this taught me more than 4 hours of class. thanks.

  • @crissy5431
    @crissy5431 7 лет назад +76

    Thanks so much for all of your help! I would love to see time stamps of the topics in the description to make it easier to go back to the examples on such a long video.

  • @chimchimmm4477
    @chimchimmm4477 4 года назад +93

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      @fortunadawit4772 10 месяцев назад +1

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    @muhammadzohaib8462 5 лет назад +26

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  • @Light_English_
    @Light_English_ Месяц назад +2

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    @latamara326 9 месяцев назад

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  • @hazzyrams4663
    @hazzyrams4663 3 года назад +14

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  • @MC-8
    @MC-8 4 года назад +8

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    @phenyetsoleboho 4 года назад +5

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    @wrjazziel 2 года назад +7

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    @jasperhalvorson8000 2 года назад +4

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  • @thanhyenthynguyen5287
    @thanhyenthynguyen5287 3 года назад +4

    Thank you so much for your videos. I got an F on my first calculus midterm exam. But thank to your video i've figured out the way to solve related rate and cost problems.

  • @mukeremjemal8176
    @mukeremjemal8176 10 месяцев назад

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  • @siyamthandatiso1439
    @siyamthandatiso1439 Год назад +1

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  • @wajihamajid5662
    @wajihamajid5662 5 лет назад +10

    Thankyou so much, have my calculus exam tomorrow. This helped me!

  • @acsw
    @acsw 11 месяцев назад

    Your channel is my go-to when I need help with homework or to understand a concept. Thank you 🙏🏻

  • @deankhan580
    @deankhan580 3 года назад +1

    You literally just saved me I have a test today

  • @CHILDTOONSOFFICIAL
    @CHILDTOONSOFFICIAL 11 месяцев назад +1

    This guy is the best👌

  • @AtkinKausimae
    @AtkinKausimae 9 месяцев назад

    One of the best tutorials video. Thanks so much sir.

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    @ilemonamarcelinusdominic4275 2 года назад

    You are the best I have ever come across

  • @shekinahjedgecombe3878
    @shekinahjedgecombe3878 2 года назад +9

    Can you do a video based on 'Supply and Demand' - also explaining the process through application problems (word problems, etc) finding the supply function, demand function, equilibrium quantity and price.
    please. :)

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    @Darkbluenight-rv6pz 7 месяцев назад

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    @evening-th5fk 19 дней назад +1

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    @rwpropertymanagement8387 6 лет назад +9

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    @augustinokanneh1177 3 года назад +2

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    @johnsuperhist5219 Год назад

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    @razasyed575 2 года назад

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    @mzanziretro2036 6 лет назад +1

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  • @princigupta2783
    @princigupta2783 6 лет назад +3

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    @AnkaSimurgPphoenixx 2 года назад

    best math videos ever?

  • @zulaikhazakaria491
    @zulaikhazakaria491 5 лет назад +1

    Thanl you so much.. several hours before final and i'm watching this

  • @IsraelNathanael
    @IsraelNathanael 6 лет назад +9

    This was incredible, major help. Thank you!

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    @ngoctrangnguyenthi665 2 года назад

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    @vennenmin123 7 лет назад +6

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  • @aaksdad
    @aaksdad 4 года назад +10

    Thanks for the video. got a quick question @3:08... why would you chose c(x) = 5000 + 15x + 0.01x^2 . What is the reasoning behind that formula?

    • @mikoliism
      @mikoliism 2 года назад

      Not sure if this helps but The 5000 is just a fixed cost and the 15x+0.01x^2 are variable costs

    • @janeyue7491
      @janeyue7491 Год назад

      I was thinking 15x means something that would costs 15 times as much as years comes by, but I wouldn’t know what. I was thinking when it comes to something with an x^2 on it, it got to be interest rates, because of F = P (1+ I) ^n

  • @eniolaolatunji-aresa4864
    @eniolaolatunji-aresa4864 3 года назад +2

    Thank you for the video sir. What if we were given Cost and Price then told to find the quantity

  • @dmezzio
    @dmezzio 5 лет назад +2

    Thanks so much, you really bright up my day

  • @francismuiruri3393
    @francismuiruri3393 3 года назад

    wow........well understood.....thank you very much......you the best

  • @UmarNaeem156
    @UmarNaeem156 6 лет назад +1

    Thanks alot man .... Hatts off to you for such a long vedio which helps out me alot

  • @wenziemngoma1932
    @wenziemngoma1932 3 года назад +1

    You're simply the best , thank you so much !

  • @vinisilva3879
    @vinisilva3879 5 лет назад +2

    The problem regarding this kind of function is what the 0,01x^2 comes from? All equation, functions and etc, in the books mainly, have already given done, as such as magic, instead teaching is how to obtain the ^2, ^3 , etc...

  • @rogerroberts5529
    @rogerroberts5529 7 лет назад +3

    Great video to start with but you got me confused/lost at 12:33 where you divided the 0.01x over itself and over the 0.02x. If I'm not mistaken 0.02 dived by -0.01x you should get -2 and also also that the x would have cancelled each other.. but since my teacher haven't started teaching the topic I'll just wait until Tuesday to fully understand better. I'm sorry but I just cant move on futrher into the video until I can understand this matter

  • @samrasamra5363
    @samrasamra5363 5 лет назад

    Just wanna say you are a life saver

  • @fahadali5046
    @fahadali5046 11 месяцев назад

    Outstanding video

  • @livie398
    @livie398 2 года назад

    Thank you so much. This video helps me a lot👍🏻

  • @mateosingz1596
    @mateosingz1596 2 года назад

    You never disappoint🤞🏾
    Thank you🙏🏾

  • @_neon_bab.e5779
    @_neon_bab.e5779 4 года назад +1

    really helping.......thanks

  • @spinach7205
    @spinach7205 4 года назад +2

    I really really appreciate you ❤️

  • @ephremkinfemichael6925
    @ephremkinfemichael6925 2 года назад

    how u know every subject. tnx for every thing

  • @beingentrepreneur4735
    @beingentrepreneur4735 3 года назад +1

    Thank you brother

  • @mattfoster1746
    @mattfoster1746 Год назад

    I love your videos

  • @ntuthukogabela7617
    @ntuthukogabela7617 2 года назад

    sir u are a genius trult

  • @datguyerik6073
    @datguyerik6073 Месяц назад

    Great video, but did you make a mistake at 12:33?

  • @hammad3101996
    @hammad3101996 7 лет назад +1

    It was a very informative video thank u very much it helped me a lot.

  • @23theshadowgirl
    @23theshadowgirl 4 года назад +3

    We have average cost as AC in my microeconomic book if that helps anyone.

  • @mansurissahaq628
    @mansurissahaq628 5 лет назад

    Very good sir you have really help me

  • @Gulligirl-b1i
    @Gulligirl-b1i 13 дней назад

    Thank you!

  • @johnaxhelimperial274
    @johnaxhelimperial274 2 года назад +1

    Does average cost and actual cost same? If not then what is actual cost?

  • @osamahorani2747
    @osamahorani2747 4 года назад +1

    Ahh lovely workkkkkk mann👌🏻

  • @amritbhattacharjee5767
    @amritbhattacharjee5767 6 месяцев назад +1

    Sir In the first question why did you take 5000 + 15x + 0.01x² as C(x)? Of anyone understands then please Answer.

  • @opokufrancis9653
    @opokufrancis9653 2 года назад

    Well educative

  • @DungNguyen-dj2ut
    @DungNguyen-dj2ut 2 года назад

    Character In the video It's great, I like it a lot $$

  • @karandhami1542
    @karandhami1542 3 года назад +2

    19:20 how could you take cost function?? Is that given ??

  • @rashidkhan8161
    @rashidkhan8161 2 года назад

    How to convert any linear cost function into quadratic cost function, normally cost function are linear

  • @nobuhledubazana1693
    @nobuhledubazana1693 2 года назад

    Is it possible for A marginal cost/revenue/profit function to reach a relative extrema?

  • @geetanjalisahoo9855
    @geetanjalisahoo9855 5 лет назад

    please please answer today Arabian maximizing monopolistic was a profit of at least 1500 rupees each function is equal to 500 + 4 + 8 square and his demand function is equal to 304 - 2 cube determine is output level q and price Pinterest these values with those that would be achieved on the profit maximization

  • @kerissalaptiste4933
    @kerissalaptiste4933 4 года назад

    You're awesome 😢🥺🥰🥰

  • @sicilianotoronto
    @sicilianotoronto 8 месяцев назад

    at 14:23, how did you know to put the +15 + 0.01 and why is that term not squared? Thanks!

  • @jaliilshugriaden
    @jaliilshugriaden 9 месяцев назад

    You are hero

  • @mineyaman9908
    @mineyaman9908 5 лет назад

    can you do this please???
    Answer the Question
    A firms total revenue function is given as follows,
    TR = 100Q - 2Q^2
    a. What is the demand function for the firm?
    b. Find the marginal revenue for the firm.
    c. Does this firm operate in a perfectly competitive industry? Justify this answer.
    d. At what points is total revenue maximised?
    e. If the government sets a tax equal to tQ, where t = 2, find the new revenue maximizing point?

    • @harbinveli3487
      @harbinveli3487 5 лет назад

      A. The demand function is equal to marginal revenue
      B. Marginal Revenue is a derivative of TR, in this case 100-4Q
      C. The maximization point is where Marginal Revenue is Equal to Marginal Cost

  • @mugerashalifu9539
    @mugerashalifu9539 3 года назад

    Given average cost function and demand function find the maximum level of total revenue help me please

  • @kateenyamaarhinful1364
    @kateenyamaarhinful1364 5 лет назад

    please for the second example of the average cost ,instead of dividing the total cost by x=548 to get the average cost, you put it in the marginal function which makes your answer wrong .....please clarify for me ......thank you

  • @benrawarg
    @benrawarg 3 года назад

    To find the minimum, couldn't you just derive the function and find it's roots?

  • @M23326-h
    @M23326-h 2 месяца назад

    Thankss❤❤

  • @Lineapetrela
    @Lineapetrela 5 лет назад +4

    i still dont understand what exatly c prime x means...

  • @LorettaAhenkan-bi9hb
    @LorettaAhenkan-bi9hb 4 месяца назад

    How did you get the expression for the c(x) I'm lost

  • @吳詩曼-h5v
    @吳詩曼-h5v 4 года назад

    Thank u !!! U rescue me !!!!!

  • @geetanjalisahoo9855
    @geetanjalisahoo9855 5 лет назад

    revenue maximizing monopolist requires a profit of at least Rs 1500 is cost function is equal to 500 + 14 + HQ square and his demand function function is P equal to 30 4 - 2 cube determine his determine his outputlabel q and price Pinterest these values with those that would be achieved under profit maximization please answer today

  • @hannahfraser5600
    @hannahfraser5600 4 года назад

    Can someone work this question for me, please
    If a company invests x thousand dollars in advertising, the demand for its product will be D(x)=2000 x^2+900 x+60 items. Find the rate of change in demand with respect to advertising dollars when $1500 is spent on advertising.

    • @amiramz7869
      @amiramz7869 4 года назад

      i think u derive the demand function with respect to x first and then substitute 1500 as the value x

  • @techundercover3899
    @techundercover3899 Год назад

    Isn’t the marginal cost when x=100, the cost of the 100th unit not the 101st unit

  • @mertmert324
    @mertmert324 4 года назад

    Thanks sir

  • @kentheengineer592
    @kentheengineer592 Год назад

    If I Give PPL Funds To Afford My Product Then I Dont Make a Profit But If I Dont Give PPL Funds To Afford My Product Then How Can I Make The Sale When No One Has The Funds

  • @jowbanabdullahi6363
    @jowbanabdullahi6363 6 лет назад

    Thanks

  • @nayaart6373
    @nayaart6373 6 лет назад +1

    bro i didn't understand !!! in the first example where from u get the 5ooo and what is it !? and the 15 also what is it?! and 0.01!? can you please explain what are those numbers ! and where from u get them ?!
    i have a question which price revenue is maximized and for which price profit is maximized?
    2014 quantity 10300 unit price 15
    2015 q 8100 p 17
    2016 q 7400 p 18
    thank you

    • @rahinaaliyakubu6908
      @rahinaaliyakubu6908 3 года назад

      That’s the cost function of the question.He just didn’t write in the question

  • @oweny6609
    @oweny6609 5 лет назад

    You never covered how to find the price per unit using price demand function. This confused me more.

  • @brianp8138
    @brianp8138 5 лет назад +1

    You sound like good will hunting

  • @HappyKat13luv
    @HappyKat13luv 7 лет назад +6

    Sorry, but you jumping around kind of really confused me a lot. The video helped with learning what all the terms meant, though. Thanks.

  • @emilykamanja609
    @emilykamanja609 6 лет назад

    Thank you!

  • @fallout6067
    @fallout6067 5 лет назад

    12:25 can someone explain to me why did he subtract them by 0.01x

    • @enderzebak2863
      @enderzebak2863 5 лет назад

      to find the x.ur moving the value to opposite side so opp becomes negative

  • @sirbudu
    @sirbudu 6 лет назад

    AWESOME

  • @Seastric
    @Seastric 6 лет назад

    THANKS ALOT

  • @H.sena1111
    @H.sena1111 6 лет назад

    perfect

  • @6thaffiliate
    @6thaffiliate Год назад

    About to fail a test in 15 minutes 😢

  • @zinniasultana9163
    @zinniasultana9163 6 лет назад

    awsm

  • @nomalungelomanana1283
    @nomalungelomanana1283 4 года назад +1

    tamara mulenga

  • @mikem4481
    @mikem4481 Год назад +1

    Ron Desantis is such a traitor

  • @anchi7421
    @anchi7421 4 года назад

    Reveal your face...!

  • @robertk4392
    @robertk4392 4 года назад

    talk louder in your videos dont be scared dude