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Diminishing Returns and the Production Function- Micro Topic 3.1 

Jacob Clifford
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8 сен 2024

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Комментарии : 786   
@samiarox
@samiarox 6 лет назад
You are the best ECON teacher ever
@badooral-holibi2281
@badooral-holibi2281 5 лет назад
hand up
@mashootatoes
@mashootatoes 5 лет назад
@@badooral-holibi2281 jacob clifford teaches microeconomic concepts in 60 seconds while my teacher takes 3 classes
@khoshnawRahmani
@khoshnawRahmani 5 лет назад
Not only the best econ teacher but also the best everything teacher
@gunjanjain3126
@gunjanjain3126 5 лет назад
Yes..
@nyx_bts4992
@nyx_bts4992 4 года назад
@@mashootatoes At least your teacher tries to do something in class. My teacher doesn't even explain lol. She just showes a powerpoint presentation that has the EXACT explanation and examples as the book. Heck she doesn't even get up from her seat to solve a few exercises. And then she tells us that she will prepare a super difficult final exam in the end🙄
@tahsinatoshi1974
@tahsinatoshi1974 2 года назад
I just realized.. with the right teacher, no subject is boring 😅
@warcatbattalion
@warcatbattalion 8 лет назад
this dude explain way better in 5 mins than stupid parrot lecturer who only read powerpoint slide for 2 hours lol
@blank.9301
@blank.9301 5 лет назад
Yep, that's why I'm going to study online
@Rizzhi16
@Rizzhi16 4 года назад
true
@ieatalldayandimstillhungry626
@ieatalldayandimstillhungry626 4 года назад
Do you & me have the same teacher???🤔😂
@DrSam86
@DrSam86 4 года назад
Absolutely!
@mikecheuk
@mikecheuk 4 года назад
Gold
@ignocitouniversity6406
@ignocitouniversity6406 3 года назад
I don't know why but I want to give this man my tuition fee for my ECO class. 1 week on online class with confusion and this man make me understand in 5 minutes. absolute legend
@konarkkayal1308
@konarkkayal1308 7 лет назад
Never found economics soo interesting before. simply you are awesome.
@JacobAClifford
@JacobAClifford 7 лет назад
Thanks :)
@lukezeus1790
@lukezeus1790 8 лет назад
this man, WHERE HAVE YOU BEEN ALL MY LIFE!?!?!?!?
@kodomochan32
@kodomochan32 6 лет назад
You've explained it better under 6 minutes compared to my university professor under 2 hours.
@yasirarafat1872
@yasirarafat1872 2 года назад
right
@anabels923
@anabels923 8 лет назад
you save my life, you save my FINAL! THANK YOU!!!
@JacobAClifford
@JacobAClifford 8 лет назад
+anabel S You are welcome
@kidmyn
@kidmyn 2 года назад
I have no words to express my appreciation to you. I wish I was one of your past students who had the privilege to experience you as a teacher. Just for one day. Awesome work!
@Forlone-Hope
@Forlone-Hope 8 лет назад
You are just amazing.... This 6 minute video made me understand the concept better than an hour of reading.... Regards from India!!!
@jasonhorta189
@jasonhorta189 8 лет назад
Thanks for these videos! They turned what seems like a foreign language, and quite dry at times, into something fun, relatable, and most importantly, understandable.
@JacobAClifford
@JacobAClifford 8 лет назад
+Jason Horta I'm glad that it made sense
@shwetathakra1280
@shwetathakra1280 6 лет назад
Your videos so good it's make learning easily so thank you very much
@ashneelram837
@ashneelram837 3 года назад
@@JacobAClifford hi Mr.Clifford I would be really grateful if you could make a video on marginal rate of technical substitution I am having a lot difficulty in understanding the different formulas applied.
@user-vv6pr9sc7q
@user-vv6pr9sc7q 4 года назад
Who is here because of online class?
@brianmanerama9328
@brianmanerama9328 3 года назад
I'm not alone.😄😅
@chiyan9052
@chiyan9052 3 года назад
Kween lenh leng HAHAHAHAW
@deathstroke8639
@deathstroke8639 3 года назад
oh yeah. Good old McGraw-hill ain't helping chief and the professor has office hours during the times I can't meet him and he never posts lecture so my true professor this semester will be youtube(which will be mostly Jacob).
@ee-tm1sx
@ee-tm1sx 3 года назад
yes.
@Rosee45
@Rosee45 3 года назад
In which grade you'll are ?
@sbk1398
@sbk1398 8 лет назад
U r amazing. My teacher is good but u literally covered his 1 hour lecture in like 5 minutes
@benderbendingrofriguez3300
@benderbendingrofriguez3300 5 лет назад
Before watching this video I was like: I hate economy After watching I'm like: Economy is fine.
@user-de7fb8fl8o
@user-de7fb8fl8o 10 месяцев назад
I am just so grateful to find this channel. WAY BETTER than my professor.
@chips3504
@chips3504 Год назад
Imagine he just explained it in just 5 minutes and 53 seconds I understand it immediately thank you so much you are the best ❤️
@RRzit
@RRzit 7 лет назад
Too good. You make economics fun to learn. Wish you could be my professor in College.
@kaylinschupp9929
@kaylinschupp9929 8 лет назад
These videos have been so helpful to me while studying for my econ 103 final. Thank you so much!
@JacobAClifford
@JacobAClifford 8 лет назад
+Kaylin Schupp Great. Youa re welcome Kaylin. Please subscribe and tell your friends. You rock!
@masintanputriapriani1044
@masintanputriapriani1044 4 года назад
Now, economics becomes fun. I'm used to frowning every time my teacher explained Econ lessons, but this guy, even though English is my second language, his explanation is very understandable.
@ibrahimhussain9214
@ibrahimhussain9214 3 года назад
Jacob, thank you so much for taking the time out of your life to make these videos for us. I hope you know how much it helps thousands of students.
@metalheadbarbell
@metalheadbarbell 6 лет назад
Truly agree. I am almost 50 years old, back in college and anytime I need clarification on an Econ subject, this is my go to resource. Thank you!
@tylerfennell5920
@tylerfennell5920 6 лет назад
I wish I had teachers with this much drive in all of my classes! By far best guy to learn from on the internet.
@fidelemighty3368
@fidelemighty3368 7 лет назад
Hello Mr. Clifford, thank you so much for making these videos, they are very helpful. I am taking Microeconomics this semester, so I use your videos for any concept learned in it. May God bless you for your help. I am 100% sure that you help many people like me. I believe that I will get an A in this class, and I am taking Macroeconomics in the Fall 2017.
@angelocampomanes4444
@angelocampomanes4444 5 лет назад
My friend and I purchased the packets (of course, separate purchases as we’re not jerks) 😂 and passed our Micro and Macro exams from CLEP. We did it while working full-time and with minimal preparation because your videos are AWESOME and really helped/equipped us with all the things that we needed! I want you to know that ACDC Econ reached the other side of the Pacific (Philippines 🇵🇭) and I will continue recommending it to my friends and colleagues. ❤️ Thank you Mr. Clifford for all the learnings and Econ herpes! You rock! 🍺
@JacobAClifford
@JacobAClifford 5 лет назад
That's great. I'm glad I could help. Thanks for watching.
@annekeellis7501
@annekeellis7501 6 лет назад
Mr Clifford is the BEST BEST BEST BEST economics teacher ever, he cuts the crap en explains the important, good to know stuff. Guys do yourself a favor and go get the Ultimate Review Package for more exercises if you didnt already, to keep Mr active on youtube. He puts in sooooooooooooooo much effort for us.
@rizlanazeem2501
@rizlanazeem2501 Месяц назад
THANKYOU SO MUCH for being a life saviour in the last moment, You are really helping me reduce the tension i have for the exam, May god bless you sir❤
@NM-vy9pl
@NM-vy9pl 8 лет назад
Your videos are pretty amazing! I just graduated high school a week ago and one of my favorite classes was my junior year AP Macroeconomics class. Now, I'm entering college in the honors program as an Econ major and one of my classes next semester will be Microeconomics. Your videos are incredibly fascinating and they make total sense! Thank you so much for making them!
@InSterquiliniisInvenitur
@InSterquiliniisInvenitur 5 лет назад
As great as my teacher is now, I wish this guy was my microeconomics teacher. He explains these concepts in ways that are easy to understand. Thank you so much! Great video series.
@humphet
@humphet 7 лет назад
Seriously, thank you so so so much. Your face-to-face students are lucky to have a teacher like you. I bought a review pack, not just to improve/engage, but just to support the cause. Thank you. For those about to rock...
@amandak9811
@amandak9811 7 лет назад
These videos are great!! I missed a lot of classes and I do not learn very well with my test book. You make it so much easier to understand this stuff. I am not panicking anymore ahah. I have a final in a month so I have lots of time to study, catch up in my course, and watch your videos. I am thanking god right now I found this!! Thanks!!!!!
@shaneckafaulcon9629
@shaneckafaulcon9629 4 года назад
I am so glad no one is at home with me right now because I am literally in tears because you just saved my "college-life". I assimilate and even make the correlations between econ theory and real-life pretty easily but it often takes a lot (and I mean a freakin lot) of time to actually read the theory. I have adult ADD and was just prescribed Adderall which is helping immensely but this single six-minute video just saved me an hour of reading and re-reading to ensure I understood and retained these concepts. Thank you so much! Please keep doing what you're doing! I'm totally subscribed and will definitely share!
@gandalfthegl
@gandalfthegl 7 лет назад
Mr. Clifford you actually saved my life would have failed my economics module if it wasn't for you, i owe you so much! Actually enjoying learning from all these vids! You deserve some kind of award!
@NicaKasende
@NicaKasende 4 месяца назад
6 years ago 😅 and his still saving lives rn
@wandrag1430
@wandrag1430 6 лет назад
Jacob Clifford you are a legend in my books. You tend to make this subject more than interesting-You actually make it cool. Well done and thanks a million!
@RangerXXT
@RangerXXT 9 месяцев назад
I'm finishing my last classes, did macro before micro but you got me through it easy. I consider you my real economics professor because you teach more in 10 minutes than most professors do all semester. All the best in the future sir.
@simranara9081
@simranara9081 3 года назад
Thank you so much sir ....I won't lie but my university professor also explains in a very easy manner but due to online classes and network issues I can't get hold of the concepts..Your lectures are very helpful ....Once again thank you
@anganilegondwe6457
@anganilegondwe6457 3 года назад
You are the best Economics teacher ever...whenever I am stuck I just check your videos and then I am good. Thank you, thank you and thank you.
@allisonp960
@allisonp960 5 лет назад
Literally I was so lost in lectures. I had about four 3 hour long lectures and still couldn't understand my professor. Then I watched your videos and within a span of two hours I learned everything I needed for my midterm
@farhanalb2769
@farhanalb2769 7 лет назад
Your amazing and helpful without you it was impossible to get marks above the average. thanks for everything..
@chanellelavictoire349
@chanellelavictoire349 8 лет назад
Thank you so much Mr. Clifford! You are serious saving my life in Micro! My prof is so boring... you are making micro so much more interesting! I am sure that I will get a much higher grade on my midterm with you're video!
@JacobAClifford
@JacobAClifford 8 лет назад
+chanelle lavictoire I'm glad I could help Chanelle. Please subscribe and tell your friends
@tebogoboroto7331
@tebogoboroto7331 5 лет назад
Hi Jacob It is my first time studying Econ and I am enjoying your videos.
@RusKeyMC
@RusKeyMC 5 лет назад
Tebogo Boroto Me also
@manassvinir1421
@manassvinir1421 8 лет назад
ur teachng is awesome, Mr.Clifford.....u made my learning easier..and now before opening my book, i am just listening to u,so that i can readily understand the contents of my book which run off to pages..thank you
@JacobAClifford
@JacobAClifford 8 лет назад
+Manassvini R You are very welcome
@SuperJsToysChannel
@SuperJsToysChannel 4 года назад
this is my primary rule in my life. Life is so short. And there are many things we can do. Always use my time for something with increasing marginal returns. And stop wasting time once it entered into decreaing marginal return. Thank you teacher.
@achahtatah5978
@achahtatah5978 2 года назад
you are just the best, I wish every teacher could explain topics to the understanding of students like you do. Above all, I would conclude by saying you were born to teach and not made.
@abdukadirabdirahman5988
@abdukadirabdirahman5988 7 лет назад
I'm 100% depending on you videos. Thanks for your interesting videos. I have an exam in 8 hours.
@vivianakech4258
@vivianakech4258 Год назад
thank you,you explained it so much better in 5 minutes. dont get why i spend 3 hr in class for this topic.
@ncherotich
@ncherotich 9 месяцев назад
A whole 2hour lecture summarized in just 6 minutes,thank you
@njrose06
@njrose06 2 года назад
Briefly, you make economics so interesting.thank God because of your existence.🤲💖🌹
@sharmisthajatua7674
@sharmisthajatua7674 6 лет назад
M not in economics, not my subject. but my work needs me to know this law.. and I am blessed I found U!! thank u so much !!! PHEW! m following you yes!
@valentinesianipar4040
@valentinesianipar4040 3 года назад
This is so easy to understand!!! Thank you so muchh!!! My finals is coming but and this is really help me out!
@chathurikaatapattu6460
@chathurikaatapattu6460 2 года назад
It's crystal clear. I could cover all the unclear points with me on microeconomics. It's just short & sweet and you have explained the complicated concepts very practically and simply throughout your whole series of video lessons. Most important thing is all your videos are very attractive:) They didn't make me boring at all . Thank you very much!
@AJay13_
@AJay13_ 8 лет назад
Great once again ! The only sections i did not understand was this .. And market failure as a whole . I used all of your videos to warm up , essentially , for my exams and it worked just fine . Keep doing what you're doing ! Good day sir !!
@oliviaok625
@oliviaok625 6 лет назад
You have seriously helped and taught me way more than my actual teacher thank you so much for making these videos I don't think I could pass this class without you :)
@yossf66king11
@yossf66king11 6 лет назад
It takes All the semester to me and still didn't got it , now i got it in 5 minutes !! You're the best
@viveksingh-ok6il
@viveksingh-ok6il 3 года назад
A lot of my time and effort is going to be saved and I've just started watching this video and I know my concept are going to be cleared.
@aliturab5370
@aliturab5370 4 года назад
I DONT HAV WORDS TO DESCRIBE HIS AMAZINGNESS; HE IS THE BEST TEACHER I NEVER EVER HAD
@soulkuteswa
@soulkuteswa 5 лет назад
You have taught me so much more than my econ teacher ever could. Thank you so much, Mr. Clifford
@madhumithar7066
@madhumithar7066 2 года назад
economics teacher + fun is a rare combination, which is you ....thank you
@gabriellaking2804
@gabriellaking2804 11 месяцев назад
This is so amazing now I can do it by myself, thanks a lot sir 🖐️🇨🇲
@Jakemamu
@Jakemamu 5 лет назад
You are an amazing teacher ! I am studying ECON in china. I have no idea what the lecturer is saying so I always go back and watch your videos .
@kimcorte-real3947
@kimcorte-real3947 4 года назад
You explain everything in 6 minutes so much better than my crazy teacher who took one hour to do it & I still didn't understand. Thanks so much
@hamnafarrukh8848
@hamnafarrukh8848 4 года назад
You make things so easy and fun to learn. I don't know what I would do without your videos. Thank you
@dakshpatil4142
@dakshpatil4142 2 года назад
based teacher, based video, based human being, based teaching, based face, based belt, based voice, base hair, etc.
@Astridcruz777
@Astridcruz777 22 дня назад
What does based mean
@Eliamma08
@Eliamma08 5 лет назад
Best!!! No more boring econ classes, I wish I had a teacher like you in my uni
@endelljohnpalma5351
@endelljohnpalma5351 3 года назад
You're better than my Manegerial Economics teacher and this kind of videos really helps a lot because we have online classes.
@eronajonmehmeti933
@eronajonmehmeti933 8 месяцев назад
He is so creative with the video it makes it a lot easier to understand and remember
@areejasad7438
@areejasad7438 2 года назад
Iam becoming a chartered management accountant bcz of u. Thank u so much. Love from pakistan🇵🇰
@osaskeys7316
@osaskeys7316 3 года назад
A very good video, the part that I loved was where you added the practical part, you showed how it can be used in real life, I like that. Thanks
@dydwnsTJ
@dydwnsTJ 2 года назад
My econ teacher literally uses your video for class. So you are technically my teacher. Thank you
@funspeters1076
@funspeters1076 5 лет назад
This guy explained in 5 minutes what my college professor could’t explain me in a 2 hour lecture
@laracarvalho9994
@laracarvalho9994 3 года назад
You’re amazing! Thank you for helping us! It’s not easy to juggle working full time, life and online MBA ECON classes at the same time. Lol I honestly can read the book 1000x…. But I can never follow. Now i just watch your videos first. I feel so much more prepared! Thank you, thank you and thank you!
@yesssirrskiii5925
@yesssirrskiii5925 6 лет назад
This man is a god among men. Fortune has smiled upon us by blessing us with this master of Economics.
@nathanmazzone7648
@nathanmazzone7648 7 лет назад
why am i just finding you a half hour before my microecon final? i needed you before my first exam lol
@laxmisoni7258
@laxmisoni7258 4 года назад
You are better than my professors at the world's best university! you took only 6 minutes to explain something that they took 2 hours and still I couldn't score well in my midterm!
@fifthhorseman319
@fifthhorseman319 Год назад
Risk vs reward. What are you risking vs what the potential reward is. In any situation this relationship varies reciprocal ly but seldom in a strictly linear fashion so that if you were to plot this on a graph you're going to see the point at which your risk so far outweighs your reward that it no longer makes sense to continue on that trajectory. This is especially important when averaging this out over a series of instances where you're seeing consistently diminshing rewards marked by drastically increased risk...similar to playing craps without a full understanding of how to effectively hedge your bets (not to mention that gambling in general is generally just a losing proposition that rarely pays dividends unless you're of some type of Irish descent). What you dont want to do is undermine your goals or possibly create problems you maybe didnt anticipate because as smart as anyone is it is next to impossible to accurately predict, envision and then account for every possible scenario and variable. This is especially important in regard to things like team building where individual personalities come into play and most especially when dealing with highly emotional people who may or may not have explosive type personalities. Handling explosives is in itself a tricky situation under the best of circumstances and even with countless hours of planning, preparation and precautions put into place you never really know what's going to happen until it's actually detonated. There may be blowback you didnt expect from overblasting. This happens frequently in construction and mining where even the best planning and preperation cant account 100% for all the variables. You dont know what you dont know. Maybe the underlying bedrock is more fractured than you realized because of factors induced over time that had a larger effect on its stability than you were aware of. Theres a time to blast and a time to get out the shovel and do it the old fashioned way. Whatever the case may be it's important to keep your goal in sight but be wary of tunnel vision and ignoring the warning signs of impending disaster. As they say in construction - tapes, levels and strings dont lie but they can and will eventually break if you choose to push them beyond what the material they are built of is designed to withstand. Even the most expensive high end heavy duty tools have their breaking point. If you're going to spend the money to have the best tools available observance of diminshing returns with respect to their durability is important because you're just going to have to replace it if you break it. Any tool, any material has its limits.
@xavierjones9804
@xavierjones9804 3 года назад
Its 2021. Your videos are able to age extremely well.
@jadendatz4893
@jadendatz4893 4 года назад
dude helped me understand basic econ in 5 minutes better than I did in a college classroom :/....SUBSCRIBED!!!
@ftk_ovr_9k
@ftk_ovr_9k 7 лет назад
I have learned more in 6 mins than what I learned from an hour long class at my University. Thanks a lot! :D
@CD-ec4lw
@CD-ec4lw 2 года назад
youve teached me 3 weeks worth of lecture you are amazing
@matthias1023
@matthias1023 6 лет назад
You are one of the best economy teachers i've ever seen. Thank you so much!
@nyx_bts4992
@nyx_bts4992 4 года назад
My stupid book was 'explaining' this topic in 6 pages but I wasn't understanding anything. Now that I watched your video, I got every damn thing
@curiousgeorge3911
@curiousgeorge3911 2 года назад
i am watching this basically at midnight. This video is very epic and helped me understand the topic
@SuBhAmVLoGS
@SuBhAmVLoGS 5 лет назад
just wow...he made me understand this concept in 5minutes.Tomotrow is my 4th semester exam(BPUT), and i a damn sure this question will be asked for 6 marks n i can easily write upto 3-4 pages with the info provided...thankq so much....he was way too funny BDW
@jamiesherry9501
@jamiesherry9501 7 лет назад
Hi, Mr. Clifford. I have no idea if you read these or not, but believe me, you are awesome! You have probably saved my final exam, and you explain concepts in a much easier way than my actual professor. Thank you so much for these videos! I know they're a lot of effort and you almost certainly don't get paid, so thank you!
@JacobAClifford
@JacobAClifford 7 лет назад
I do read them. Thank you for your kind words. I appreciate it. Thanks for watching.
@jamiesherry9501
@jamiesherry9501 7 лет назад
You are welcome!
@unknownbrother273
@unknownbrother273 Год назад
Economics exam tomorrow and you just made this a lot easier.
@K3VINZ0
@K3VINZ0 7 лет назад
Don't even need the booklet tbh (since I am done with my final tmrw) , still going to buy it! Least I can do.. Thank you so much for your help! And for those that pass on the booklets, show some respect...
@JacobAClifford
@JacobAClifford 7 лет назад
Thanks. I appreciate it :)
@stephanieames5341
@stephanieames5341 4 года назад
Your videos are the only reason I passed micro
@WaltDittrich
@WaltDittrich 3 года назад
Right after he said Pause the video to work out the problem and he started.... Bwahahaha! I laughed out loud so hard! Mr. Clifford, you're the best!
@katia832
@katia832 5 лет назад
Who else liked the video before they even start watching it?🙋🏾‍♀️😌..previous videos are very helpful🙌🏾
@dhawalmalot6023
@dhawalmalot6023 4 года назад
seriously not afraid of the econ exam after watching this. Indeed fell in love with econ. Awesome explanation :)
@hazelwilliams3095
@hazelwilliams3095 4 года назад
I really like Econ through these videos! So entertaining and great during this covid19 online learning.
@mrtrypophobia9162
@mrtrypophobia9162 8 лет назад
thank you Sir for your big help.. i have final exam for introductory economics for engineering tomorrow .. all your videos really helpful.. #kualalumpur #malaysia #thumbsup
@JacobAClifford
@JacobAClifford 8 лет назад
+mr trypophobia You are welcome
@dabaruknemuhar1981
@dabaruknemuhar1981 5 лет назад
i have microeconomics paper tomorrow, this helped. thanks! i dont know how i got here, and found this channel, but i'm glad i did
@dunkleecodunklee
@dunkleecodunklee 2 года назад
I hate to say it cuh... but you teach way better than my real Microecon teacher
@ramsesbrye7141
@ramsesbrye7141 6 лет назад
Thank you sir, you are making life easy for me for my economics exam.
@user-qr5cg3io5i
@user-qr5cg3io5i 3 года назад
this man is helping me graduate college. I wish my econ professor would explain like you. My professor makes class sooo boring
@Julia-cb8wm
@Julia-cb8wm 5 лет назад
This 5-minute video summarized 25 pages of my econ textbook and 5 hours of reading 🤯
@somebodyunkownuser5946
@somebodyunkownuser5946 3 года назад
The world needs more of you.
@jenb4517
@jenb4517 5 лет назад
thank goodness I found this video... Im draining my brain reading books and listening class lectures only to have more headaches .
@rishabprasad7633
@rishabprasad7633 6 лет назад
Mr. Clifford is the best teacher! online or offline!
@joeljudejohnson7771
@joeljudejohnson7771 2 года назад
I learn more on your channel than in my classroom.
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