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Maximizing Profit and the Average Cost Curve

156,225 views

Marginal Revolution University

Video Language:

  • English

Caption Language:

  • {{captionLanguage | language_name}} ({{captionLanguage}})

Accent:

  • English (US)

Speech Time:

94%
  • 11:38 / 12:17

Speech Rate:

  • 175 wpm - Fast

Category:

  • Education

Tags :

Intro:

Special thanks to The Free Dictionary for providing us with the information used in this web page

Video Vocabulary

suppose

/səˈpōz/

suppose
verb

think or assume that something is true or probable but lack proof.

slightly

/ˈslītlē/

slightly
adverb

Only a little.

maximization
maximization
noun

Act of increasing something as much as possible.

average

/ˈav(ə)rij/

average
adjective noun verb

constituting result found by dividing total amount. number expressing the central or typical value in a set of data. To add numbers then divide by the number of items.

remember

/rəˈmembər/

remember
verb

have in or be able to bring to one's mind awareness of.

variable

/ˈverēəb(ə)l/

variable
adjective noun

Having the ability to change or vary. element, feature, or factor that is liable to vary or change.

divided

/diˈvīdəd/

divided
adjective verb

Being split in two or more pieces. To split numbers by another number, e.g. 6 / 2 = 3.

because

/bēˈkəz/

because
conjunction

for reason that.

becomes

/bəˈkəm/

becomes
verb

To begin to be; grow to be; develop into.

diagram

/ˈdīəˌɡram/

diagram
noun verb

A drawing intended to explain how something works. To show or explain something by drawing a picture.

typical

/ˈtipik(ə)l/

typical
adjective

Normal; usual; expected.

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