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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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.
Thank you so much!!!!!!! you just helped me with my homework that I struggled to complete in like forever. You explained it so easily step by step. Just what I needed. Thank you!
OMG! Your videos are clear and concise. You explain everything as you go along, so I'm never wondering how you reached a certain conclusion/number. THANK YOU SO MUCH!
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.
Never commented but I had to kow cause this man out here saving lives 😢 I would avoid this question all the time cause I thought it was complex ,I'm in awe ,God bless you sir ❤
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. :)
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
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...
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
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
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?
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
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
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
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.
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
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
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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
This man has the best education channel in the world , I can't believe how he know everything every subject.Your a school .I love this channel so much 👍❤❤
Winner of a video, I been tryin to find out about "what degree should an entrepreneur get" for a while now, and I think this has helped. You ever tried - Aeycarlepper Aristocratic Ascendancy - (Have a quick look on google cant remember the place now ) ? It is a good one off product for discovering how to manifest wealth and abundance minus the hard work. Ive heard some great things about it and my work buddy got excellent success with it.
15 minutes of this taught me more than 4 hours of class. thanks.
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.
i wish you could make more videos like this specially the calculus side in Economics,it really helps me a lot as an Economics student.
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Thank you so much!!!!!!! you just helped me with my homework that I struggled to complete in like forever. You explained it so easily step by step. Just what I needed. Thank you!
OMG! Your videos are clear and concise. You explain everything as you go along, so I'm never wondering how you reached a certain conclusion/number. THANK YOU SO MUCH!
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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.
Thanks bro may Allah protect you... And may Allah guide you. Your channel is best education channel across I saw in my life
Never commented but I had to kow cause this man out here saving lives 😢 I would avoid this question all the time cause I thought it was complex ,I'm in awe ,God bless you sir ❤
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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. :)
This man is also an economist😮
No way....he teaches us economics too
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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?
Not sure if this helps but The 5000 is just a fixed cost and the 15x+0.01x^2 are variable costs
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
Thank you for the video sir. What if we were given Cost and Price then told to find the quantity
Thanks so much, you really bright up my day
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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...
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
Just wanna say you are a life saver
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Great video, but did you make a mistake at 12:33?
It was a very informative video thank u very much it helped me a lot.
We have average cost as AC in my microeconomic book if that helps anyone.
Very good sir you have really help me
Thank you!
Does average cost and actual cost same? If not then what is actual cost?
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Sir In the first question why did you take 5000 + 15x + 0.01x² as C(x)? Of anyone understands then please Answer.
Well educative
Character In the video It's great, I like it a lot $$
19:20 how could you take cost function?? Is that given ??
How to convert any linear cost function into quadratic cost function, normally cost function are linear
Is it possible for A marginal cost/revenue/profit function to reach a relative extrema?
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
You're awesome 😢🥺🥰🥰
at 14:23, how did you know to put the +15 + 0.01 and why is that term not squared? Thanks!
You are hero
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?
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
Given average cost function and demand function find the maximum level of total revenue help me please
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
To find the minimum, couldn't you just derive the function and find it's roots?
Thankss❤❤
i still dont understand what exatly c prime x means...
First derivative of C(x)
How did you get the expression for the c(x) I'm lost
Thank u !!! U rescue me !!!!!
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
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.
i think u derive the demand function with respect to x first and then substitute 1500 as the value x
Isn’t the marginal cost when x=100, the cost of the 100th unit not the 101st unit
Thanks sir
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
Thanks
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
That’s the cost function of the question.He just didn’t write in the question
You never covered how to find the price per unit using price demand function. This confused me more.
You sound like good will hunting
Sorry, but you jumping around kind of really confused me a lot. The video helped with learning what all the terms meant, though. Thanks.
You're right. I tend to jump around a lot. Sorry about that.
Thank you!
12:25 can someone explain to me why did he subtract them by 0.01x
to find the x.ur moving the value to opposite side so opp becomes negative
AWESOME
THANKS ALOT
perfect
About to fail a test in 15 minutes 😢
awsm
tamara mulenga
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talk louder in your videos dont be scared dude