Micro: Unit 3.1 -- Marginal Product and Diminishing Returns
HTML-код
- Опубликовано: 30 июн 2024
- Hey Everyone! I'm Mr. Willis, and You Will Love Economics!
In this video, I will:
- Define inputs and output
- Explain how inputs lead to costs and output generates revenue
- Define terms related to output, including total product, average product, and marginal
product
- Practice calculating the average product and marginal product of the firm
- Practice graphing the average product and marginal product curves
- Define the law of diminishing marginal returns
- Define the three stages of returns (increasing returns, decreasing returns, and negative
returns)
- Identify the three stages of returns on a marginal product (MP) curve
Are you looking to teach this topic in your class? We have designed an activity to fit perfectly with this video:
www.teacherspayteachers.com/P...
Follow our store on Teachers Pay Teachers
www.teacherspayteachers.com/S...
Look for us on Social Media:
Instagram -- / youwillloveh. .
Facebook -- / youwilllovehi. .
Subscribe to our RUclips Channel:
/ youwillloveeconomics
Check out our website for teaching tips and insight from us- sites.google.com/view/you-wil...
Please continue the good work, this is awesome knowledge!
people like you is gold, big thanks for your videos!
Thank you for doing this!!!
Thanks a lot !!
Thanks for the lectures! You're changing the way I think about the world.
Great video! This would certainly make lessons fun!
👌🏾 Right on the money, every time👍🏾
great video
Great video!!! Sooooo helpful
Great video. Recommended.
Sir please explain law of returns to scale
End? Or more lessons are waiting to publish?