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Minimization of Total Industry Costs of Production

74,647 views

Marginal Revolution University

Video Language:

  • English

Caption Language:

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

Accent:

  • English (US)

Speech Time:

92%
  • 8:23 / 9:05

Speech Rate:

  • 152 wpm - Fast

Category:

  • Education

Tags :

Intro:

Video Vocabulary

neither

/ˈnēT͟Hər/

adjective adverb conjunction determiner pronoun

Not one or the other not either none of two things. Similarly not, also not. Not in either case. Not one or the other. Not either one.

provide

/prəˈvīd/

verb

To make available; to supply for use.

actions

/ˈakSH(ə)n/

noun other verb

process of doing something. Some things that a person or things do. To take action to do something.

earlier

/ˈərlē/

adjective adverb

happening before usual time. before usual time.

perhaps

/pərˈ(h)aps/

adverb

Possibly, but not certainly; maybe.

highest

/hī/

adjective adverb

Farthest above the ground; greatest (position). at or to considerable height.

wrapped

/rap/

verb

cover or enclose in paper or soft material.

coordination

/kōˌôrdnˈāSH(ə)n/

noun

Organizing things to make them work together well.

through

/THro͞o/

adjective adverb preposition

From one end or side of something to the other. expressing movement into one side and out of other side of opening etc.. Allowing you to pass between, or to.

markets

/ˈmärkət/

noun other verb

gathering for trade. Areas or regions where a certain product is sold. promote.

producing
verb

To manufacture something using machines.

understood

/ˌəndərˈstand/

verb

perceive intended meaning of.

incentive

/inˈsen(t)iv/

noun

Something that encourages you to do something.

maximize

/ˈmaksəˌmīz/

verb

To make as large or great as possible.

remarkable

/rəˈmärkəb(ə)l/

adjective

Interesting and unexpected, worthy of notice.

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