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Introduction to Production Introduction (Average Product, Marginal Product, Total Product) 

Economicsfun
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Visual explanation of Production Theory, Total Product, Average Product, and Marginal Product of Labor used in economics classes. This is the first of three videos on the play list.
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7 дек 2011

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Комментарии : 81   
@RocketPopsicles13
@RocketPopsicles13 9 лет назад
Great Video! - Easy to understand examples - slow enough to comprehend material / fast enough to not drag out - GOOD VOICE (So many videos use robotic voices) Thank you for helping with my homework! This was much easier to understand vs. my textbook!
@economicsfun
@economicsfun 9 лет назад
Ashley West Nice to hear my videos are helpful and better than textbooks. If you get a chance like on FB (www.FaceBook.Com/PartyMoreStudyLess), share, like the videos, and subscribe. It helps others find the videos.
@fenzter5649
@fenzter5649 7 лет назад
Agreed, he is really good! Better than my teacher to a certain degree
@arbabsalahuddin6747
@arbabsalahuddin6747 7 лет назад
This has made my life so much easier. I am an A2 student who found economics quite difficult but your tutorials have made it so much fun for me to go through. Thanks a lot.
@femiairboy94
@femiairboy94 4 года назад
Wow, never seen anyone explain with such patience and clarity.
@sohaaayla
@sohaaayla 6 лет назад
issuing a thanks on behalf on all students struggling with microeconomics and who then understand the ideas a little better through accessing your videos
@IqmalRedza
@IqmalRedza 7 лет назад
is it okay to draw the highest max point of TP to be straight line instead of curve? because its said to not have a change in MP which is 0.
@mostafahussein7756
@mostafahussein7756 5 лет назад
Thank you! Really really simple and easily put. You, sir, did a great job!
@stefberry21
@stefberry21 12 лет назад
Thank you!!!!!! It's AMAAZING that you explain in 8:48 what my teacher takes like 4 hours (2days) in explaining.. and in a better and understandable way! :D
@cherieminn2673
@cherieminn2673 6 лет назад
i wish that i have more self belief and courage 7 years ago..to trust myself more to believe and not be handicapped by fears and outside perceptions...now i can see things in correct perspective
@Stealthkill1000
@Stealthkill1000 11 лет назад
This is amazing and amazing again! Keep up the great work!
@economicsfun
@economicsfun 11 лет назад
Thank you for such kind words!
@bayanibrahim9614
@bayanibrahim9614 11 лет назад
thank you ; really all your videos are so helpful , these videos are simple enough to understand every thing ...thank you again
@AlokitaGupta
@AlokitaGupta 11 лет назад
Thanks a billion for the video. If there are teachers like you economics will really become fun. :D
@savidislps
@savidislps 10 лет назад
Excellent explanation, do you recommend any text books which cover this topic?
@adamsmith7171
@adamsmith7171 8 лет назад
you saved my midterm,i hope that you will save my final exam too :D
@economicsfun
@economicsfun 11 лет назад
Marginal Product is the slope of the total product curve. This means the slope of the total product curve is less than the average at that point. Another way to think about it is, the rate of change of the total product is less than the average product. Each additional unit of labor contributes to total product, but less than all other labor contributed.
@rougeoussama9969
@rougeoussama9969 7 лет назад
i need version in french plzzzzzzzzz help me
@rougeoussama9969
@rougeoussama9969 7 лет назад
i need version in french plzzzzzzzzz help me
@j53iliff2
@j53iliff2 10 лет назад
Cool video. As an MBA student I was hoping for examples to explicate the concepts in the real world.
@aliilyas4371
@aliilyas4371 6 лет назад
these person is breliently explain all topics
@economicsfun
@economicsfun 12 лет назад
happy to help you and I hope you did well on your exam.
@SirCopperfield
@SirCopperfield 6 лет назад
What software do you use to make these videos. They are very well done.
@Yuki-od6cd
@Yuki-od6cd 3 месяца назад
This video has greatly helped me . Thank you
@kaolonly
@kaolonly 8 лет назад
Life saver....I mean thanks a lot...even as a stranger you have helped me out.
@agaloemmalago7824
@agaloemmalago7824 6 лет назад
very easy to understand and very good to watch.
@economicsfun
@economicsfun 12 лет назад
@xDizzyCheese Happy the vids helped. And yes, please use my vids in your notes, on your exam and share them with your classmates too.
@kalyanikamat5177
@kalyanikamat5177 11 лет назад
I'm completely in love with your teaching! Hope my teachers take some efforts to make economics interesting...
@economicsfun
@economicsfun 11 лет назад
Many thanks for the feedback!
@samakil2766
@samakil2766 7 лет назад
thanks for the video and the great explanation was very helpful
@messofadreamerx
@messofadreamerx 6 лет назад
THANK YOU SO MUCH!!! You're great!
@muinelman967
@muinelman967 10 лет назад
TQ sir, its so helpful !!
@nawressferjani5922
@nawressferjani5922 8 лет назад
Mr how to know the relationship between the signs of the marginal product of two factors (labor and the other factor that is fixed) please I really need the answer before the exam :(
@andreif132
@andreif132 12 лет назад
thank you for the easy explanation!
@aryaacikel7085
@aryaacikel7085 5 лет назад
The BEST!
@almaulim__5126
@almaulim__5126 6 лет назад
can u make a video on how to identify technologically and economicaly efficient
@1234ravi1234ravi
@1234ravi1234ravi 12 лет назад
Awesome explanation i wish u wud have been my teacher. Kudos
@user-uh1qt5rp5p
@user-uh1qt5rp5p 2 месяца назад
So great!
@mahamedjaajme
@mahamedjaajme 8 лет назад
simple to understand. thank u
@economicsfun
@economicsfun 12 лет назад
Thanks! Appreciate the feedback. I noticed you were in Botswana (I am in Kansas City, USA). I am curious to know the school you attend there. Make sure you like MyBookSucks on FaceBook. You can find the link in the video description. Best Regards
@aubreydebruyn84
@aubreydebruyn84 Год назад
Thank you very. By adding the the gradient and the stages it clicked.🤩
@xDizzyCheese
@xDizzyCheese 12 лет назад
saved my life, thanks :)
@MultiIaccept
@MultiIaccept 12 лет назад
What program do you use?
@paulinakaseka5946
@paulinakaseka5946 6 лет назад
Thanksgiving coz I have an assignment ......you help me much............
@tumainjohn6165
@tumainjohn6165 2 года назад
Great examples
@somyakhare2795
@somyakhare2795 8 лет назад
the video was so helpful ...thanks :))))))
@paolapascali7722
@paolapascali7722 6 лет назад
Great video
@karinakarki2971
@karinakarki2971 3 года назад
why does rational producer not operate in 1st stage ?can you please explain with examples
@vladimirputin3800
@vladimirputin3800 2 года назад
No worker/labour = 0 output produced
@RaselMasum
@RaselMasum 6 лет назад
wow best video
@edagewere4749
@edagewere4749 7 лет назад
well explained lecture thank you
@MAWUTJOK
@MAWUTJOK 8 лет назад
very helpful. thanks
@economicsfun
@economicsfun 12 лет назад
Wow! Thanks for great feedback it is much appreciated. Make sure you tell your classmates and your friends about MyBookSucks and like us on Facebook too (link in the description of video). Thanks again.
@BarbeauDaniel1
@BarbeauDaniel1 9 лет назад
EXCELLENT
@economicsfun
@economicsfun 11 лет назад
You are very welcome! Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.
@economicsfun
@economicsfun 11 лет назад
thanks for the compliment. Make sure you like MyBookSucks on Facebook (see link in video description) because it helps get the word out about the free videos.
@economicsfun
@economicsfun 12 лет назад
Good luck in your studies. I imagine the weather in Canada is much different than in Botswana. Again, appreciate the feedback. Tell your friends and help me spread the word.
@dluzar
@dluzar 12 лет назад
Great job
@fatematuzjohora1648
@fatematuzjohora1648 3 года назад
How to draw this picture as like u
@diontaedaughtry974
@diontaedaughtry974 4 года назад
Excellent
@economicsfun
@economicsfun 12 лет назад
Thanks!
@juliohernandez-duran2375
@juliohernandez-duran2375 9 лет назад
Great video. Thank you!
@economicsfun
@economicsfun 9 лет назад
Julio Hernandez-Duran You are very welcome.
@economicsfun
@economicsfun 9 лет назад
Julio Hernandez-Duran Oh Julio, if you get a chance please like our FaceBook page (www.FaceBook.Com/PartyMoreStudyLess)
@aishamuhammadashraf5163
@aishamuhammadashraf5163 6 лет назад
nice explaination
@DutchOrbit
@DutchOrbit 3 года назад
still relevant in 2020
@vinayak186f3
@vinayak186f3 3 года назад
Thank you 😁
@bellacooper9770
@bellacooper9770 11 лет назад
Hey David! U r d best... Ur teaching is mind blowing.... It's AWESOME.... And I think 'THANK' is not d word, bt anyways thanks a whole lot.... And the best thng I lyk in u is ' U r so interesting ' and it's FUN 2 watch yo vedios.... Love u!
@aayushi1782
@aayushi1782 Год назад
Thanks a lottttt
@economicsfun
@economicsfun 11 лет назад
I uses a variety of different tools to create the videos.
@lolitaponcik152
@lolitaponcik152 4 года назад
the ending PARTY MORE STUDY LESS lollll
@rougeoussama9969
@rougeoussama9969 7 лет назад
i need a version in french plz . help me 😭😭😭😭😭
@drallisimo34
@drallisimo34 8 лет назад
cool!!!
@mahmudhasan8369
@mahmudhasan8369 Год назад
Did you have a candy in your mouth while recording? BTW your video is awesome!
@economicsfun
@economicsfun 11 лет назад
Nice to be loved! Make sure you like MyBookSucks on Facebook and help me spread the love. (see the link in the video description).
@smshahriar997
@smshahriar997 7 лет назад
good
@andrewtaylor-hall2550
@andrewtaylor-hall2550 8 лет назад
you hero
@bellacooper9770
@bellacooper9770 11 лет назад
Wow
@user-zv8im9wz5k
@user-zv8im9wz5k 8 месяцев назад
like
@mohamedalwani7823
@mohamedalwani7823 2 года назад
thank you for the information but adding too many pauses made me sleep
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