ap microeconomics cram – production, costs & profit max
originally streamed on March 16, 2021 with Hope MyersTeachercovered in this stream
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
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