19. Short Run Production, Marginal and Average Product

Подписаться 21 тыс.

Просмотров 48 тыс.

50% 1

This video describes the key components of short run production: marginal and average product. In particular, I give reasons for (1) why MP and AP are typically inverse-U shaped, and (2) why MP intersects AP at AP's maximum.
There is also a more general discussion of the relationship of average to marginal.
For a list of videos and links to these videos (organized by topic), check out the Intromediate Microeconomics video web page:
blog.thisyoungeconomist.com/p/...

Опубликовано:

31 июл 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 21

@solidsnake32292 12 лет назад

I HAVE MY FINAL TMRW MORNING AND U JUST MADE ME SOOOOO MUCH HAPPIER THAN I WAS THIS ENTIRE SEMESTER!!!! WHO ARE YOU BECAUSE U R MY HERO!!!!!!!!!! and smarter than my professor in a new york state university haha

@noeldsouza173 8 лет назад

Is anyone else feeling like this is the best course out there to perfect your economics knowledge?! Really great on content as well as getting that "home teacher so you can relax a little" vibe! Thank you so much for your time, Anthony - Subbed.

@frofrokk 10 лет назад

This channel is amazing, I'm just upset I found it 2 house before I have to leave for my final exam worth 60% of my total mark.

@wackyrow308 12 лет назад

You cover all my lectures! Making it so easy to understand! Thanks

@GSellers100 12 лет назад

Great content. Thorough explanation. Thanks, it helped me a lot.

@intromediateecon 14 лет назад

@vik238 Thanks for the suggestion. That's actually how I do it in the book (see page 77). The intuition for drawing TP is identical to drawing marginal product, so I thought that it wasn't worth the board space for this video, but your point is well taken. If I ever re-film the videos, I may incorporate your suggestion.

@OopsFailedArt 13 лет назад

Thanks for this, I'm taking the Microeconomics CLEP tomorrow, and these videos are really helping me put the last blocks in place.

@intromediateecon 13 лет назад

@hillaryishillary The y-axis is Quantity per unit of Labor and the x-axis is Units of Labor (we usually measure units of labor in terms of worker-hours. Hence, a 4 person team working an 8 hour shift would count as L = 32 (8*4).

@darrelhofland913 8 лет назад

dude thank you so much for your videos. they have been so helpful with my course. :)

@kamranlahore6271 11 лет назад

yes I'll second that. Showing the TP would be great :)

@vik238 14 лет назад

good video. suggestion: you could show the TP (or production) function before the marginal and average products.

@palaksharma5078 10 лет назад

Thanks a lot. Thhis video REALLY helped

@HunSolver 11 лет назад

Thanks for this video. It's obviously better quality, than mine but if someone is interested in algebraic problem solves, I also prepared a couple of videos.

@derekloveforeverwugegemm0379 8 лет назад

amazing video！

@hjhjjhjh 13 лет назад

what's the x-axis and y-axis of the graph?

@hjhjjhjh 13 лет назад

@intromediateecon thanks!

@TheOWhoaShow 12 лет назад

great video, thanks for this, also you remind me of seth rogen

@kamranlahore6271 11 лет назад

Hey, Amazing channel! I just subscribed! It would be kind if you could help us understand why the MP can be decreasing while the AP is still rising. That kind of is the least intuitive part in my opinion. Thanks and keep on rockin' :)