Subtitles & vocabulary
Perfect Competition in the Short Run- Microeconomics 3.8
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Harrison Mia posted on 2018/04/09Ever wondered how businesses operate in a perfectly competitive market? This video breaks down the fascinating world of profit maximization and marginal cost, perfect for anyone diving into microeconomics! You'll pick up some key vocabulary like 'price taker' and 'cost curves' while getting a clear understanding of these essential economic concepts.
Video vocabulary
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US /səbˈskraɪb/
・
UK /səb'skraɪb/
- Verb (Transitive/Intransitive)
- To regularly pay to receive a service
B1TOEIC
More individual
US /ˌɪndəˈvɪdʒuəl/
・
UK /ˌɪndɪˈvɪdʒuəl/
- Countable Noun
- Single person, looked at separately from others
- A single thing or item, especially when part of a set or group.
- Adjective
- Made for use by one single person
- Having a distinct manner different from others
A2
More figure
US /ˈfɪɡjɚ/
・
UK /ˈfiɡə/
- Verb (Transitive/Intransitive)
- To appear in a game, play or event
- To calculate how much something will cost
- Noun
- Your body shape
- Numbers in a calculation
A1TOEIC
More basically
US /ˈbesɪkəli,-kli/
・
UK /ˈbeɪsɪkli/
- Adverb
- Used before you explain something simply, clearly
- In essence; when you consider the most important aspects of something.
A2
More Use Energy
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