ACDC Leadership
Micro 5.1 Market and Minimum Wage: Econ Concepts in 60 Seconds:- Economics Lesson
Mr. Clifford's 60 second explanation of the labor market for cooks and the affects of minimum wage. Remember that the firms are now demanding and individuals supply.
ACDC Leadership
2010 FRQ #1- Perfect Competition Graphs
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
ACDC Leadership
Maximizing Profit Practice
In this video I explain how to identify the profit maximizing quantity and calculate total revenue and profit. MR=MC is the most important concept in microeconomics.
ACDC Leadership
Monopoly Dead Weight Loss Review- AP Microeconomics
My 60 second explanation of how to identify the consumer and producer surplus on the monopoly graph. Notice that monopolies charge a higher price and produce a lower output than perfectly competitive markets. Since monopolies are...
ACDC Leadership
Micro Unit 4, Question 8: Price Discrimination + Funny Story
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
ACDC Leadership
Micro Unit 4, Question 1- Monopoly Demand and MR
Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.
ACDC Leadership
Maximizing Profit Practice- Micro Topic 3.5
In this video I explain how to identify the profit maximizing quantity and calculate total revenue and profit. MR=MC is the most important concept in microeconomics. Thanks for watching.
ACDC Leadership
Monopoly Graph Review and Practice- Micro Topic 4.2
In this video I explain how to draw and anaylze a monopoly graph. Make sure to answer the questions and check out the bonus dance at the end. No! We can't play the board game.Thanks for watching
ACDC Leadership
Price Discrimination- Micro Topic 4.3
In this video I explain how to draw a monopoly with first degree price discrimination. Try pausing the video to see if you can show price, consumer surplus, and profit on the graph. Please keep in mind that these clips are not designed...
Jacob Clifford
Monopoly Demand and MR
Why is marginal revenue less than the demand curve for all perfectly competitive firms in a monopoly? Watch as a savvy economics instructor answers this question using graphs and detailed explanations.
Khan Academy
Khan Academy: Monopoly: Showing That Mr Has Twice Slope of Demand
Using some basic calculus to show that marginal revenue has twice the slope of the demand curve for a monopolist. [4:56]
Khan Academy
Khan Academy: A Firm's Marginal Product Revenue Curve
Thinking about how much incremental benefit a firm gets from hiring one more person.
Khan Academy
Khan Academy: Monopolies: Monopolist Optimizing Price (Pt 3) Dead Weight Loss
Showing that what is optimal for the monopolist is not optimal for society.
Khan Academy
Khan Academy: Monopolies: Monopolist Optimizing Price (Part 2) Marginal Revenue
Plotting the marginal revenue curve for a monopolist. [8:31]
Khan Academy
Khan Academy: Monopolies: Monopolist Optimizing Price (Part 1) Total Revenue
Discusses how a monopolist would rationally optimize profits.
Khan Academy
Khan Academy: Why Parties to Cartels Cheat
In this video, Khan Academy explores a conflict that duopolists (and other oligopolies) face: there is a tension between cooperating and forming a cartel or cheating on that cartel once it is formed. [11:18]
Khan Academy
Khan Academy: Types of Competition and Marginal Revenue
In imperfect competition, firms have some control over the price they charge, so the individual firm's demand curve is not horizontal. Learn how that fact also changes the marginal revenue curve in this video. [6:43]
Khan Academy
Khan Academy: Free Response Question (Frq) on Perfect Competition
Walkthrough the solution to a free response question (FRQ) like the ones you may see on an AP Microeconomics exam. Topics include why price equals marginal revenue (P=MR) for a perfectly competitive firm, how to draw side-by-side market...
Khan Academy
Khan Academy: Economic Profit for Firms in Perfectly Competitive Markets
An important skill in microeconomics is the ability to find a firm's profit. Learn more about how to use a graph to identify the profit-maximizing quantity for a firm in a perfectly competitive market, and identify the area that...