{"page":"\n\n
\n
\n
\n
\n
\n\nVideo\n
\n

\nUnderstanding Shutdown Points for Profit Maximization in the Short and Long Run\n

\n
\n
\nGet Free Access for 10 Days!\n
\n
\n
\n
\n
\n
×
\n\n\n
\n\nPublisher:\n\nCurated Video\n\n\n
\n
\nThis video provides an in-depth explanation of shutdown points in economics, specifically focusing on the difference between short and long run decision making processes. The narrator introduces various economic concepts, such as the...\nThis video provides an in-depth explanation of shutdown points in economics, specifically focusing on the difference between short and long run decision making processes. The narrator introduces various economic concepts, such as the average variable cost (AVC) curve and profit maximization, to explain how firms determine whether to shut down operations in response to varying levels of revenue and costs.\n
\n
\n\n
\n
\n
\n
\n

Resource Details

\n
\n
\n
\n
Curator Rating
\n
\n
\n
\n
\n
\n
Educator Rating
Not yet Rated
\n
\n
\n
\n
\n
Media Length
\n
13:31
\n
\n
\n
\n
\n
Grade
12th - Higher Ed
\n
\n
\n
\n
\n
Subjects
Social Studies & History
3 more...
\n
\n
\n
\n
\n
Media Type
Instructional Videos
\n
\n
\n
\n
\n
Source:
\n
\nKnowMo Economics\n\n
\n
\n
\n
\n
\n
Date
\n
2018
\n
\n
\n
\n
\n\n
Language
English
\n
\n
\n
\n
\n
Audiences
For Teacher Use
2 more...
\n
\n
\n
\n
\n
Usage Permissions
Fine Print: Educational Use
\n
\n
\n
\n
\n
\n

Additional Materials

\n
\n\nSign in or Join Now
\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Transcript\n
\n
\n\nSign in or Join Now
\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" href=\"/subscription/new\">Video Preview\n
\n
\n
\n

Concepts

\n
\n
economics, revenue, profit
\n
\n\n\n
\n
\n
\n
\n

Additional Tags

\n
\n
a-level, lectures, micro, production, costs, 5.5d, shut, down, points, productive process, average cost, average revenue, shutdown point, continue production, economic loss, factor reduction, smaller loss, long run, mc curve, ac curve, avc curve, short run, fixed costs, economic costs, opportunity costs, receives revenue, economic profit, normal profit, cease production, continue producing, curve, revenues, point, producing
\n
\n\n\n
\n
\n
\n
\n

Classroom Considerations

\n
Best For: Explaining a topic
Video is ad-free
\n
\n
\n

Educator Ratings

\n
\n
\n
\n
\n
\n\nShow resource details\n
\n
\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Understanding Shutdown Points for Profit Maximization in the Short and Long Run\" href=\"/subscription/new\">\"Understanding\n\n
\n
\n
\n\n\n\n"}