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ACDC Leadership
Markets: Consumer and Producer Surplus- Micro Topic 2.6
In this episode I talk about how competitive markets allocate resources and consumer and producer surplus. I also talk about inefficiency and deadweight loss. Make sure to practice calculating CS, PS, and DWL
Curated Video
Determining the Initial Value of a Linear Function
In this video, the teacher explains how to determine the initial value of a linear function by interpreting numeric, algebraic, and graphic representations. Using examples of an ice cream cup and a pool being emptied, the teacher...
The Wall Street Journal
The Future Of Flight
Personal flight is possible. The executive in charge of Airbus's autonomous flying efforts shares what's on the runway. Rodin Lyasoff, CEO of A³ Airbus, sits down with Christopher Mims, Technology Columnist of The Wall Street Journal.
Curated Video
Solving Systems of Linear Equations by Substitution
In this video, mathematicians learn how to solve systems of two linear equations using the substitution method. The instructor explains the concept using real-life examples, such as ticket prices and fruit costs. By substituting values...
Curated Video
Analyzing Linear Relationships through Tables
In this video, the teacher explains how to define and interpret linear relationships by analyzing tables. They demonstrate how to find the initial value and rate of change using examples of party planning costs such as soda, pizza, dance...
Khan Academy
Khan Academy: Visualizing Average Costs and Marginal Costs as Slope
Video lecture shows graphing variable cost, fixed cost and total cost. [12:07]
Khan Academy
Khan Academy: Economic Profit vs Accounting Profit
Looks at the difference between a firm's accounting profit and its economic profit. [8:05]
Khan Academy
Khan Academy: Fixed, Variable, and Marginal Cost
Video lecture discusses average fixed, variable and marginal cost. [11:49]
Khan Academy
Khan Academy: Accounting Profit vs Economic Profit
A rational agent considers both accounting profit and economic profit. In this video, see an example highlighting the difference between accounting profit and economic profit from a business and a discussion of explicit and implicit...
Khan Academy
Khan Academy: Optimal Decision Making and Opportunity Costs
A rational agent considers all costs, including explicit and implicit costs, when deciding whether or not to undertake an action. In this video [5:08], learn about how opportunity costs represent the cost of the next best alternative.
Khan Academy
Khan Academy: Graphical Impact of Cost Changes on Marginal and Average Costs
Sal Khan demonstrates how changes in costs affect cost curves in this video. [3:46]
Khan Academy
Khan Academy: Fixed, Variable, and Marginal Cost
Explore how to think about average fixed, variable, and marginal costs, and how to calculate them, using a firm's production function and costs in this video. [11:48]
Khan Academy
Khan Academy: Economies and Diseconomies of Scale
This video covers economies of scale, diseconomies of scale, and constant return to scale. [3:38]
Khan Academy
Khan Academy: Visualizing Average Costs and Marginal Costs as Slope
This video lesson demonstrates the graphing of variable cost, fixed cost, and total cost. This resource from Khan Academy is designed for students who are taking a college-level economics course.
