Short-Run Costs (Part 1)- Micro Topic 3.2

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Published 2014-10-02
In this video I explain the costs of production including fixed costs, variable costs, total cost, and marginal cost. Make sure that you know how to calculate the per unit costs: AVC, AFC, and ATC. Let me know what you think and please subscribe.

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All Comments (21)
  • @ahlulhadith6367
    You taught me more about "cost of production" in a 5 minute video than my microeconomics professor taught me in 2 weeks. Thanks for explaining so well.
  • @benvh101
    You have saved more lives than you know..
  • These videos might seem silly to some people, but as a graduate student who enjoys economics but is still struggling with exams -- these videos are saving my life. You are really making the concepts understandable to me in such a short amount of time. So, a thousand times, thank you.
  • @TheMusicH2O
    First of all, Rock on. Second of all, you have just taught me more in 5 minutes than I have learnt this whole semester from my lecturer who has a PHD in microeconomics. I am not blaming my lecturer as maybe it was due to my lack of focus, however you deserve a medal for you work, You are a legend mate. Thank you SO much!!!
  • @earth20331
    Not even 10 seconds and I'm already liking this video. I think your energy, man.
  • @wrayy10
    Hey Professor! Just wanted to say that I give your channel an A+, and in particular I appreciate your brevity, clarity, humour, and high energy :) Wishing you the best!
  • You have posted this video 8 years ago and till this day (2022), you are still impacting and educating young students like me. I cannot thank you enough! I literally wish i can pay you back all the effort you put in those videos. THANK YOU JACOB!!!!!
  • @jameslewis7167
    Anyone notice that dude in the back right who kept a straight face the entire time
  • @Jasuke21
    Missed my econ class for a week due to family emergency. Was incredibly worried about the material I was not able to attend lecture for. A friend told me about your videos. Got an A on the test. Thanks so much for your help and explanations! Finance major here that will be using your videos for awhile. Thanks!
  • Mr. Clifford is the Econ Master!! I appreciate your material so much to supplement my Micro-classes. Thanks for being awesome!
  • @dannyholley
    1,000 times more graspable than my microecon textbook. Well done and thanks!
  • @10di_livefree
    Wow, I wanted to sleep but after watching for a minute and half. I'm wide awake. Gosh! Now it all makes sense.  Textbook >>> Complicated, jargon, very tiny words and lost of graph. ACDC video >> Simple, simple and so simple.... Yes transferring knowledge should be easy for the receiver to understand. Thanks... from T.k in Jamaica.
  • @amihov
    You are a lifesaver, Mr. Clifford! I have a failed midterm on my hand but I have a good feeling that I'll master the final with the way you teach. SUBSCRIBED!
  • @jaberooney9398
    The one dude in the back with a black t-shirt's reaction to the celebration tho.
  • @analiza4398
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  • If you were my prof I would have a 4.0. You have a masterful way of getting me engaged and excited about learning economics! Keep up the good work :)
  • @Apeeization
    I strongly recommend these videos for anyone who is currently doing Microeconomics. They are very brief and yet extremely clear and insightful.
  • @trlycrlym7768
    I think what really makes these videos work is how positive he is, it makes me feel less afraid to try