The video provides an introduction on the concept of profit and distinguishes between accounting profit and economic profit. It explains how businesses generate revenue from producing goods and services and how they calculate their...

My 60ish second explanation of how to identify the elastic and inelastic range of the demand curve for a monopoly. When MR is positive the demand is elastic and when it is negative the demand is inelastic. If you don't remember the total...

The video discusses the various objectives that firms may have, starting with the traditional assumption that firms aim to maximize profits, but also exploring other objectives such as increasing market share, maximizing revenue,...

In this video I explain how to draw and analyze a perfectly competitive market and firm...and you get to meet Mr. DARP. Makes sure that you can use the graph calculate total revenue, total cost, and profit. Thanks for watching.

This video has practice multiple choice questions for microeconomics Unit 2: Demand, Supply, and Consumer Choice. I cover concepts like elasticity, welfare economics, excise taxes, and marginal utility.

The video provides an explanation of two important concepts, revenue and profit, in microeconomics. The video also explores the relationship between marginal revenue and price, and how they affect a business's profit margin....

A quick overview of what you will cover in Unit 4 of Microeconomics. Virtually all teachers will cover the same topics, but keep in mind that some teachers might teach a few concepts in a different order.

Hey econ students. In this video I go over the characteristics of perfect competition and explain how to draw and shift the graph. Make sure that you can calculate total revenue, total cost, and profit and show what happens on...

Baidu CEO Robin Li discusses the company's artificial-intelligence future with WSJ Global Technology Editor Jason Dean at the WSJ D.Live conference in Laguna Beach, Calif.<br/>

Ch3. Video 9 - Completing the Accoutning Cycle (Financial Statements) Example

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.

Professor AJ Kooti provides a detailed examples of how to complete the accounting cycle all the way through entering the information onto the Financial Statements. This video is part 1 of 2.

Join the hundreds of thousands of students that have used Mr. Clifford's videos and resources to ace your microeconomics course.

Ch5. Video 13 - Intermittent WA example

In this video I explains the difference between explicit costs and implicit costs and the idea of economic profit. By the way, it's a joke. Economists and accountants don't really hate each other. It is a running gag between disciplines....

This video is about calculating concentration ratios in a market, especially in an oligopoly. The video explains what concentration ratios are, how they help understand the market structure, and how to calculate them for different...

The video is a tutorial on how to calculate economic profit. The presenter first explains the difference between accounting profit and economic profit, emphasizing that economists are more interested in the latter. They then go through...

Why don't gas stations have sales? I explain elasticity of demand and the differnce between inelastic and elastic. I also cover the total revenue test and give you a little trick to remember it. Thanks for watching.

This video discusses the break-even point of a business and how it can be affected by changes in various variables. The video explores how changes in price, variable costs, and fixed costs can shift the break-even point of a business. It...

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.

Professor AJ Kooti provides a detailed examples of how to account for sales of inventory using the Intermittent FIFO method.

This video introduces the concept of break-even charts and explains how they can be used to visualize and analyze the financial performance of a company, using Apple as an example. The video explains how break-even charts show the point...

Mr. Clifford's 60 second explanation of the total revenue tests. It shows what happens to total revenue when price changes for products with inelastic or elastic demand.

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