ap microeconomics cram – production, costs & profit max

timestamps

• 0:00

  Welcome and Exam Check

• 0:41

  Paper vs Digital Exam

• 1:47

  Graphs for Digital Exam

• 2:49

  Unit 3 Split Overview

• 3:50

  Upcoming Cram Sessions

• 4:52

  Tonight's Agenda

• 5:54

  Production Graphs Overview

• 7:28

  Inputs and Outputs

• 9:01

  Fixed vs Variable Costs

• 10:04

  Diminishing Marginal Returns

• 11:38

  Production Formulas

• 12:42

  Practice Table Calculation

• 14:48

  Table Answers Explained

• 17:28

  Stages of Production

• 20:38

  Graphing Production Data

• 22:42

  Short Run vs Long Run

• 24:48

  Total Cost Graph

• 28:25

  Per Unit Cost Formulas

• 30:00

  Cost Table Practice

• 33:53

  Graphing Per Unit Costs

• 37:05

  Long Run Returns to Scale

• 41:50

  Economic vs Accounting Profit

• 45:32

  Profit Maximization Rule

• 47:06

  Shutdown Rule Explained

• 48:09

  Graph Practice Scenarios

• 52:22

  Analyzing Prices $5-$3

• 55:29

  Barriers to Entry

• 57:34

  Cleanup Q&A

• 1:00:17

  Sunday Preview and Closing