Marginal Cost vs Average Cost - Economics 101
2,706 views · Published 11 September 2012 · 9:06 · Indexed 26 September 2026
Channel: Math Easy Solutions · 2012 · Education
In this video I look further into economics and show that the average cost of producing one item when x items are produced is minimum when the average cost equals the marginal cost. This is an important principle to understand and it is easily derived using the calculus principles that I have covered in my previous videos. Download the notes in my video: https://1drv.ms/b/s!As32ynv0LoaIiaRy5yrdPAR0OuzVZg?e=bZD1yr View video notes on the Hive blockchain: https://peakd.com/hive-128780/@mes/marginal-cost-vs-average-cost-economics-101 Related Videos: Marginal Costs - Economics 101: http://youtu.be/XS-1L6Iq4Wk Local and Absolute Max/Min and Critical Points/Numbers: http://youtu.be/aOvwQaEFbjw First Derivative Test Introduction and Examples: http://youtu.be/60UMYG7Ppeg Second Derivative Test - A brief Introduction: http://youtu.be/lOwK5rQh0Kk Derivative of y = x^n - Part 2: General Power Rule: http://youtu.be/Ibvu33oh49oDerivative Rules - Proof of the Product Rule: http://youtu.be/EIjvGJhDAOk . ------------------------------------------------------ Become a MES Super Fan! https://www.youtube.com/channel/UCUUBq1GPBvvGNz7dpgO14Ow/join DONATE! ʕ •ᴥ•ʔ https://mes.fm/donate SUBSCRIBE via EMAIL: https://mes.fm/subscribe MES Links: https://mes.fm/links MES Truth: https://mes.fm/truth Official Website: https://MES.fm Hive: https://peakd.com/@mes Email me: [email protected] Free Calculators: https://mes.fm/calculators BMI Calculator: https://bmicalculator.mes.fm Grade Calculator: https://gradecalculator.mes.fm Mortgage Calculator: https://mortgagecalculator.mes.fm Percentage Calculator: https://percentagecalculator.mes.fm Free Online Tools: https://mes.fm/tools iPhone and Android Apps: https://mes.fm/mobile-apps
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