Thanks! Very clear and understandable explanation of short run and long run. The textbook gave me about a line on each and it is not enough for me to understand! Subscribed :)
So we can make the assumption that in the long-run production economic profit are equal to zero, why firms stay in the market even though their economic profit equal to zero? anyone can help?
Can someone please explain this to me? In the long run, economic profit for firms (assuming they are identical) will reach 0. However, I don't understand why P=ATC in the long run because if that is the case, the firms are making 0 accounting profit. Accounting profit and economic profit are 2 entirely different concepts, isn't she confusing the two?
I have been searching far and wide and this is the closest I have come to clearly understanding the difference between Short-Run & Long-Run. What did it for me was the explanation of the Short-Run with regards to the example of the firm having a fixed cost/sunk cost of a lease, BUT, what I don't quite understand is in the Short-Run, why the firm shuts down if P
Suggestion for u. If u r using premere and auditions, open clip in auditions select the background noise part then go to adaptive noise remover. That should remove most of the background static.
It is because the fixed costs are paid no matter what. Therefore the firm only looks at the variable costs when trying to determine whether or not to shut down. Ex. if fixed cost is 5 dollars, variable cost is 3 dollars, and profit is 7 dollars, the firm would not shut down because P>AVC. The firm has to pay the 5 dollars anyway because it is a sunk cost, so they are only losing a dollar because ATC is 8 dollars. If they shut down, they lose 5 dollars because of the fixed cost.
Please wear a mask, winter jacket, and use a voice synthesizer. I find that I have to watch your videos 3 or 4 times because I start thinking about your curves. However, they are very helpful if I can turn my inner man off and focus. It is your videos that are getting me through my classes. My professor is nice but she loses her train of thought all of the time and is hard to follow. Thank you very much! Oh and BTW, I want to marry you. Haha lol!! No serious!!!
![NOSFERATU - Official Trailer [HD] - Only In Theaters December 25](http://i.ytimg.com/vi/nulvWqYUM8k/mqdefault.jpg)
got an econ final tomorrow wish me luck
how was the exam, anyway?
me too brother
How was ur exam?
How was college?
5 years after, i am having a final tomorrow too.
Studying abroad 😂 by this channel
How many of u are reading the comments instead of listening to her lecture☝️
you are. that is one of us!
Very clear and concise. Thank you.
Thanks! Very clear and understandable explanation of short run and long run. The textbook gave me about a line on each and it is not enough for me to understand! Subscribed :)
i thought I hated economics, then this sealed the deal!
because of the girl?
So this confirmed that you hate econ? :D
Finally! It makes sense, thanks so much!, where can I buy a shirt btw?
slight bit more enthusiasm needed
Hi there, can you please let me know if demand for electricity is elastic or in-elastics in long run?
U guys are really doing a gr8 job
Thank you mam😇🤗
A) You are my new hero.
B) I want that shirt.
The actual reason I searched this topic would be easier to focus on if she wasn't so pretty haha
Are you saying "price" instead of "profit"? For example: P
it's Price :)
So we can make the assumption that in the long-run production economic profit are equal to zero, why firms stay in the market even though their economic profit equal to zero? anyone can help?
I thought I hated economics, till I found you... You are great!
Can someone please explain this to me?
In the long run, economic profit for firms (assuming they are identical) will reach 0. However, I don't understand why P=ATC in the long run because if that is the case, the firms are making 0 accounting profit. Accounting profit and economic profit are 2 entirely different concepts, isn't she confusing the two?
You have done a great and very clear presentation of these concepts. You have helped me better understand . . . THANKS!
I have been searching far and wide and this is the closest I have come to clearly understanding the difference between Short-Run & Long-Run. What did it for me was the explanation of the Short-Run with regards to the example of the firm having a fixed cost/sunk cost of a lease, BUT, what I don't quite understand is in the Short-Run, why the firm shuts down if P
Tnk u mam for explaination in detail...upload more video to need diffrent concept of economic....
Thank you
Well Explained Jodie! Very comprehensive..Thank You!
So you now have a student from India too!
+1
I want a piece of that action. Economic profit that is.
Am I the only one getting distracted and staring at her face???
Thanks, and you are very welcome! Stay tuned for a bunch more coming out.
I am a science student don't know a thing about economics but i don't know what i am doing here 😍
You're a simp!
Hey great video but I advise you to have subtitles cause I'm from India and sometimes it gets difficult to follow the accent.
Gawar
Anyone else DEAD when she got a lil hood & said "they wanna get a piece of that action." LMFAOOOO
you and your teaching skill are beautiful
Jodie,thanks for your video! You make it easy for me to understand!
Suggestion for u. If u r using premere and auditions, open clip in auditions select the background noise part then go to adaptive noise remover. That should remove most of the background static.
This is Perfect Competition
Oh... Nothing about running here. Still stayed for the whole lesson though. #AccidentalStudent
Thanks help full madam
Thank you! Very easy to understand :)
You´re totally awesome. This helped me a lot. Greetings from Portugal! x)
can u take the test for me tomorrow..
It is because the fixed costs are paid no matter what. Therefore the firm only looks at the variable costs when trying to determine whether or not to shut down. Ex. if fixed cost is 5 dollars, variable cost is 3 dollars, and profit is 7 dollars, the firm would not shut down because P>AVC. The firm has to pay the 5 dollars anyway because it is a sunk cost, so they are only losing a dollar because ATC is 8 dollars. If they shut down, they lose 5 dollars because of the fixed cost.
Thank you miss. Your teaching is beautiful
Thanks mame for understanding to me
Now I understand what's the difference between long run and short run. Thank you. ;)
Please wear a mask, winter jacket, and use a voice synthesizer. I find that I have to watch your videos 3 or 4 times because I start thinking about your curves. However, they are very helpful if I can turn my inner man off and focus. It is your videos that are getting me through my classes. My professor is nice but she loses her train of thought all of the time and is hard to follow. Thank you very much! Oh and BTW, I want to marry you. Haha lol!! No serious!!!
Noiceeeee :')
Fast and simple explanation :)
More power to you.
Plzzz simon ki theory bta dain shortrun and long run consumption function
My visa was 96 but final is scaring the shit out me
very clear and very helpful my current study and help me.to understand this point, thank so much!
in a perfectly competitive market and a long run equilibrium a firm will earn how much pure profit? ... anyone
zero economic profit :) hope this helps (ik, only 4 years late).
FINALLY MAKES SENSE
all cost are not avoidable but are variable i think
Thank you! This has been really helpful, and hopefully will be useful for my next economics test. :)
hey, its been 7 years. how are u doing
Hey it’s been 10 years how ya doin
Thank you very much!!! you really really helped me :)
0:01 is it only my mind🗿👀??
ahhhh that shirt is awesome
Great Vid. Thanks for making it digestible!
2020 corona time
Shirt is goated
I think economists do it with models..
this is for which Grade sis and Thanks
She surely maximizes my utility...
u are incredible my lady..and ur very very beautiful i wish u the best in life
way better than my economics class.
Paul Swann ikr
Awful
You are excellent sir
hello
how are you?
I'm asking for email address to ask you some question in economic
plz.hindi me explain kriye
STFU assole.
Love from India 🤘
Very helpful ...Thanks .
I love you
want a piece of this action?
Fantastic
Nice shirt
great help! Thanks
Great !!!!!!!!!!!
Hi Jodi,
thanks for the video....and I love you logo...great imagery!
Woah .. Excellent! I like economics even more now!
انتي يبغالك زط
This was helpful, thank you!
Very helpful. Thanks!
i'll pay u with compliments..:)
I honestly thought she was gonna talk about running
and this is what happens when you dont go to class
Thank you
Thanks for the vid!
That helped! Thank you
You make it so easy!
thanks baby.
WOW thats hilarious!
Where can i get this shirt?
ok
Thanks for the explanation. The E-Text wasn't very thorough, so having someone explain it was great!
mam plz discuss about multiplayer
That was an awesome teaching but you could smile a bit more
Voice is too low
bro it is 10 years ago
@@S.OLABI. so ??
@@hawwamaaee1397 good that she even could upload that 10 years ago , and u want her to adjust the voice also!!
@@S.OLABI. yeah so ??