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\nRevenue and Profit in Microeconomics: Understanding the Concepts and Curves\n

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\nThe 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....\nThe 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. Additionally, the video discusses the difference between normal profit and super normal profit, and how businesses can maximize profits by identifying the optimal point where the difference between the total revenue and total cost curves is at its largest.\n
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Resource Details

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Curator Rating
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Educator Rating
Not yet Rated
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Media Length
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5:14
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Grade
12th - Higher Ed
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Subjects
Social Studies & History
3 more...
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Media Type
Instructional Videos
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Source:
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\nKnowMo Economics\n\n
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Date
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2018
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Language
English
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Audiences
For Teacher Use
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Usage Permissions
Fine Print: Educational Use
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Additional Materials

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

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economics, revenue, profit, curves, producers, selling, products, business
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Additional Tags

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a-level, snapshots, summary, micro, slide, and, total amount, total revenue, marginal revenue, average revenue, optimal point, normal profit, economic profit, start, unit, point, costs, level, firms, important, price, businesses, market, services, make, goods, sell, output, fact
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Classroom Considerations

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Best For: Explaining a topic
Video is ad-free
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Educator Ratings

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\n\nShow resource details\n
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\n\" data-title=\"Get Full Access\" data-container=\"body\" rel=\"popover\" tabindex=\"0\" aria-label=\"Play video: Revenue and Profit in Microeconomics: Understanding the Concepts and Curves\" href=\"/subscription/new\">\"Revenue\n\n
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