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IB Economics: Marginal Revenue and Cost (How Firms Decide Output)
2:47
YouTubeDenSir
IB Economics: Marginal Revenue and Cost (How Firms Decide Output)
This video is part of my IB Economics lesson on firm behaviour. In this lesson, I explain marginal revenue and marginal cost, and how firms use marginal thinking to decide their output level. The aim is to help students understand why firms do not simply produce more to earn higher revenue. This video is designed to support IB Economics ...
1 week ago
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