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Revenue, Profits, and Price: Crash Course Economics #24

2016-02-17

[public] 640K views, 13.2K likes, 182 dislikes audio only

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How do companies make money? What are profits? Revenues? How are prices set? This week, Jacob and Adriene are talking business. Whether you're selling cars, pizza, or glow sticks, this video has pretty much all the information you need to run a business. Well, not really, but there's a lot of good stuff in here.

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Intro
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Example
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Cost of Production
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Economies of Scale
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Pizza Example
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Profit Maximizing Rule
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Marginal Cost
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Variable Costs
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Diminishing Marginal Returns
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Sinking Costs
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Conclusion
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