Marginal revenue and marginal cost | Microeconomics | Khan Academy

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Thinking about a rational quantity of juice to produce
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Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course
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[@alexhillyard9221]

I learned more from you in the last 30 minutes thanI did from my Econ teacher in the past 3 months.

[@dantesalinas1267]

real.

[@ihavealotofhusbies8470]

real man, i got an exam in 3 hours lol

[@Naoufalitos24]

i think you're doing an awesome job, keep the educative videos coming, thanks again

[@harshini9378]

If MR=MC then profit isn't possible right???

[@levidiangelo4116]

video anda sangat bagus dan mempunyai mesej yang luas terima kasih

[@tomb.7947]

Great job, thanks!

[@gamegod007]

why not use 49? wouldnt you make more?

[@raffaelritter4666]

thanks a lot ;)

[@Creuzillion]

Shouldn't we stop at one unit before MC=MR, since when MC=MR we will not be earning money at all? Are we using MC=MR for convenience?

[@Wandering_Nomad]

MR=MC=100 refers to at a given quantity, the rate of change of both revenue and cost is 100. So you are looking ahead and say oh well, if I produce one more unit (101) I'm not gonna get any profit so I will stop at 100

[@karlkartoffel294]

@@Wandering_Nomad But am I not already not gaining any profit at MC=MR=100?

[@VIDIO_MaRio]

thanks for informesion sir

[@loon7181]

So basically if I want to know how many I should produce I should find the x of my function (1st derivative) when y = the marginal revenue?

[@shinkansen1907]

Thank you so much

[@matthiasr2739]

Thank you so much man, finally i understand this :)

[@TheMSDiaby]

I like this video i really need it for my next exam

[@eddiele644]

I dont understand. Shouldnt the variable cost per unit or the average variable cost be fixed?

[@ChrisDsouza2003]

This is a fantastic video

[@duckhuat7196]

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

[@NickVanzwol]

I am curious, what level of education are the viewers in?

[@fayezaa4669]

Nick Vanzwol 12th grade

[@MrLastlived]

I'm trying to CLEP Test my Associate's Degree right now.

[@n.h.t3966]

University

[@Valkarons]

Senior in AP Econ struggling with micro

[@estherh2312]

college first year

[@UnitedPebbles]

It is not always true. If you take this in stone and apply to your business, you will screw yourself up.
There are other factors such as inflation, overhead cost, opportunity cost.
It's bottom line versus theory.

[@harshini9378]

Exactly

[@anasabdullahi8164]

Econ is largely theory and lots of it just doesn’t apply

[@Shumayal]

Why can't we just limit production at 3000 and take the maximum profit since the marginal cost is the least.

[@MisterF_1984]

Ahmad Shumayal In that case you would be missing a huge amount of profit you could be getting by producing more.

[@rahulkrishnanv]

Proportionate profit would be higher if we stop at 3000 , but increasing quantity to 9000 would help gain higher revenue , reduce average fixed cost , and probably gain market share too.

[@RanggaMfth]

you miss the point that profit comes when TR>TC, not when the marginal cost is the least.
when the marginal cost is the least (Q=3000 in this case), TC is a lot more than TR, it is definitely a loss

[@TheBansalvikas]

What if we only produce 8000 gallons. In that case our profit(140$) will be same as we were getting by producing 9000 gallons. And additionally we have other advantages such as no extra labor in producing other 1000 gallons and less quantity will generate more demand.

[@harendrasingh_22]

vikas bansal no. That was for last gallon only. Actually that was kind of an assumption. So assume any amount of profits then 😂.

[@arevyah9517]

If i had a baking company, and the price is 0.50 a cookie, why would i want the costs of me producing another cookie (Marginal costs) to be equal to the amount Im selling the cookie for? I don't see how that's supposed to yield the greatest profit.

[@googlepal4644]

Shouldn't the profit be $140 instead of $180 since the total cost for producing 9000 units is $3360 and not $3320?

[@AlamedanBreezyRep]

and not a single bit of mathematics application was seen that day

[@khkmisterraptor4668]

AlamedanBreezyRep well it wasn't needed to explain the point

[@YouTubeUniversityALUMNI]

What is the formula for the total cost?

[@Tovigonbar]

IS there estersiese you can do to these thing?

[@wwm3001]

macam mana nak buat?

[@junkermailer1716]

The sound of the videos is not good

[@AkimboTimbo]

3:40 ITS OVER 9000!!!!!!!!!

[@banglethanh8864]

it's awesome!!!

[@kazimierzpasek228]

Saya tidak percaya ia boleh menjadi sebaik ini

[@Sara-fq5kj]

i love u

[@khalidbornaparte6250]

niiiiice
!!!!!!

[@ambrosiathe1]

You DO need to learn some grammar, however--YIPE!

[@ibeflinb4r]

first? dusnt matter, im in grade `10, not learning dis shit