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

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  • Опубликовано: 24 ноя 2024

Комментарии • 83

  • @RocketPopsicles13
    @RocketPopsicles13 9 лет назад +32

    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 +5

      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 8 лет назад +1

      Agreed, he is really good! Better than my teacher to a certain degree

  • @arbabsalahuddin6747
    @arbabsalahuddin6747 8 лет назад +7

    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 5 лет назад +3

    Wow, never seen anyone explain with such patience and clarity.

  • @stefberry21
    @stefberry21 12 лет назад +3

    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

  • @economicsfun
    @economicsfun  11 лет назад +5

    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.

  • @kalyanikamat5177
    @kalyanikamat5177 12 лет назад +2

    I'm completely in love with your teaching! Hope my teachers take some efforts to make economics interesting...

  • @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

  • @sohaaayla
    @sohaaayla 7 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

  • @aliilyas4371
    @aliilyas4371 7 лет назад

    these person is breliently explain all topics

  • @Yuki-od6cd
    @Yuki-od6cd 7 месяцев назад

    This video has greatly helped me . Thank you

  • @economicsfun
    @economicsfun  12 лет назад +5

    Thank you for such kind words!

  • @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.

  • @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

  • @kaolonly
    @kaolonly 8 лет назад

    Life saver....I mean thanks a lot...even as a stranger you have helped me out.

  • @aubreydebruyn84
    @aubreydebruyn84 Год назад

    Thank you very. By adding the the gradient and the stages it clicked.🤩

  • @chujingxl
    @chujingxl Месяц назад

    Thank you! Very clearly explained!

  • @paulinakaseka5946
    @paulinakaseka5946 6 лет назад

    Thanksgiving coz I have an assignment ......you help me much............

  • @economicsfun
    @economicsfun  12 лет назад

    happy to help you and I hope you did well on your exam.

  • @economicsfun
    @economicsfun  11 лет назад +1

    Many thanks for the feedback!

  • @1234ravi1234ravi
    @1234ravi1234ravi 12 лет назад

    Awesome explanation i wish u wud have been my teacher. Kudos

  • @agaloemmalago7824
    @agaloemmalago7824 7 лет назад

    very easy to understand and very good to watch.

  • @AlokitaGupta
    @AlokitaGupta 12 лет назад

    Thanks a billion for the video.
    If there are teachers like you economics will really become fun. :D

  • @j53iliff2
    @j53iliff2 10 лет назад

    Cool video. As an MBA student I was hoping for examples to explicate the concepts in the real world.

  • @adamsmith7171
    @adamsmith7171 9 лет назад

    you saved my midterm,i hope that you will save my final exam too :D

  • @bellacooper9770
    @bellacooper9770 11 лет назад +1

    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!

  • @economicsfun
    @economicsfun  12 лет назад +2

    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

  • @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.

  • @mostafahussein7756
    @mostafahussein7756 6 лет назад

    Thank you! Really really simple and easily put. You, sir, did a great job!

  • @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.

  • @Stealthkill1000
    @Stealthkill1000 11 лет назад +2

    This is amazing and amazing again! Keep up the great work!

  • @tumainjohn6165
    @tumainjohn6165 2 года назад

    Great examples

  • @MingLeng-l5v
    @MingLeng-l5v 6 месяцев назад

    So great!

  • @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.

  • @samakil2766
    @samakil2766 7 лет назад

    thanks for the video and the great explanation was very helpful

  • @economicsfun
    @economicsfun  12 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.

  • @diontaedaughtry974
    @diontaedaughtry974 5 лет назад

    Excellent

  • @mahamedjaajme
    @mahamedjaajme 8 лет назад

    simple to understand. thank u

  • @dluzar
    @dluzar 12 лет назад

    Great job

  • @andreif132
    @andreif132 12 лет назад

    thank you for the easy explanation!

  • @RaselMasum
    @RaselMasum 6 лет назад +1

    wow best video

  • @aryaacikel7085
    @aryaacikel7085 5 лет назад

    The BEST!

  • @savidislps
    @savidislps 11 лет назад

    Excellent explanation, do you recommend any text books which cover this topic?

  • @mawutjokfilms
    @mawutjokfilms 8 лет назад

    very helpful. thanks

  • @DutchOrbit
    @DutchOrbit 4 года назад

    still relevant in 2020

  • @mahmudhasan8369
    @mahmudhasan8369 Год назад +1

    Did you have a candy in your mouth while recording?
    BTW your video is awesome!

  • @karinakarki2971
    @karinakarki2971 3 года назад +1

    why does rational producer not operate in 1st stage ?can you please explain with examples

  • @edagewere4749
    @edagewere4749 8 лет назад

    well explained lecture thank you

  • @muinelman967
    @muinelman967 10 лет назад

    TQ sir, its so helpful !!

  • @paolapascali7722
    @paolapascali7722 6 лет назад

    Great video

  • @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 +3

      Julio Hernandez-Duran Oh Julio, if you get a chance please like our FaceBook page (www.FaceBook.Com/PartyMoreStudyLess)

  • @messofadreamerx
    @messofadreamerx 7 лет назад

    THANK YOU SO MUCH!!! You're great!

  • @vinayak186f3
    @vinayak186f3 4 года назад

    Thank you 😁

  • @somyakhare2795
    @somyakhare2795 9 лет назад

    the video was so helpful ...thanks :))))))

  • @xDizzyCheese
    @xDizzyCheese 12 лет назад

    saved my life, thanks :)

  • @economicsfun
    @economicsfun  12 лет назад

    Thanks!

  • @BarbeauDaniel1
    @BarbeauDaniel1 10 лет назад

    EXCELLENT

  • @aishamuhammadashraf5163
    @aishamuhammadashraf5163 7 лет назад

    nice explaination

  • @aayushi1782
    @aayushi1782 2 года назад

    Thanks a lottttt

  • @economicsfun
    @economicsfun  12 лет назад

    I uses a variety of different tools to create the videos.

  • @almaulim__5126
    @almaulim__5126 6 лет назад

    can u make a video on how to identify technologically and economicaly efficient

  • @SirCopperfield
    @SirCopperfield 7 лет назад

    What software do you use to make these videos. They are very well done.

  • @lolitaponcik152
    @lolitaponcik152 4 года назад

    the ending PARTY MORE STUDY LESS lollll

  • @economicsfun
    @economicsfun  12 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).

  • @MultiIaccept
    @MultiIaccept 12 лет назад

    What program do you use?

  • @IqmalRedza
    @IqmalRedza 8 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.

  • @drallisimo34
    @drallisimo34 9 лет назад

    cool!!!

  • @nawressferjani5922
    @nawressferjani5922 9 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 :(

  • @andrewtaylor-hall2550
    @andrewtaylor-hall2550 9 лет назад

    you hero

  • @fatematuzjohora1648
    @fatematuzjohora1648 4 года назад

    How to draw this picture as like u

  • @smshahriar997
    @smshahriar997 8 лет назад

    good

  • @bellacooper9770
    @bellacooper9770 11 лет назад

    Wow

  • @jacobbanda920
    @jacobbanda920 13 дней назад

    Is this video mute?

  • @rougeoussama9969
    @rougeoussama9969 8 лет назад

    i need a version in french plz . help me 😭😭😭😭😭

  • @MahmudSeid-t4r
    @MahmudSeid-t4r Год назад

    like

  • @mohamedalwani7823
    @mohamedalwani7823 2 года назад

    thank you for the information but adding too many pauses made me sleep