Economists Do It With Models

Warning: “graphic” content…

Bookmark and Share
Practice Problem of the Day, 11/24/2013

November 24th, 2013 · 2 Comments
Practice Problem of the Day

This video reviews how to calculate costs and maximize profit in competitive markets and then discusses how to determine market supply and profit in the short run and how to analyze the transition to the long run. The problem is taken from Principles of Microeconomics, 6th Edition, by N. Gregory Mankiw, and is Ch. 14 problem #12.

You can find more practice problems via the Practice Problem of the Day category archive or by visiting the Econ Classroom page. You can also be notified of new practice problems by subscribing to the YouTube channel.

Tags: Practice Problem of the Day

2 responses so far ↓

  • 1 Omar Mbye // Jan 18, 2014 at 12:15 pm

    Oh v. wonderful video, you explain so clearly, only that I understand after my Exam, but ‘ll b wathing u video well b4 test or exam.

  • 2 syed aejaz mohammed // Apr 26, 2014 at 3:06 pm

    its nice to watch your video. I would like to to watch more videos on critical graphs for higher level students.

Leave a Comment