MR=MC The Profit Maximization Rule
HTML-код
- Опубликовано: 6 ноя 2021
- The firm will produce as long as MR exceeds MC. The firm maximizes profits if production continues until MR equals MC. Of course, the firm should not produce past this point, because after that point MC will exceed MR (if MC is upward sloping and MR is horizontal or downward sloping). This video is made for 1st year college students or AP/IB Economics students. It focuses on foundational economic concepts.
You have taught me a thing in minutes, which my econ professors couldn't during the whole semester
Wow, one of the best economics videos; I did not realize I should draw the vertical lines up to the lines... wow
Good Explanation!! It helped.
This is good
Great explanation! Thanks
Sir, you're a legend!
That was very helpful..thank you so much
Now i understand how to look at these graph. Thanks
You are amazing!!!❤❤❤❤
This makes sense now!
thank you very much , great explanation
its very helpful
Thank you so much professor.
you just passed me in Econ. thank you
Its so useful for me sir.
Finally got this
thank you
Nice
Technically a firm should earn more profit if MR is greater than MC because when MC = MR it should be no profit no loss situation? But according to our textbooks when MR=MC the profit is maximum
I need help understanding it
From what I have understood so far, the point where MR=MC is where profit maximisation occurs because when you go further to the right until it reaches the point, you are producing additional units of output, thus maximising profit. However, if MR is greater than MC, you aren't maximising profits because you aren't producing additional output that can earn greater profits. I hope this makes sense, sorry if it doesn't.
Consumer price index
You rock 👏