Demand for Labour - Marginal Revenue Product (MRP)
Demand Curve for Labour - Marginal Revenue Product (MRP). A video covering the Demand Curve for Labour - Marginal Revenue Product (MRP)
Twitter: / econplusdal
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Demand Curve for Labour - Marginal Revenue Product (MRP). A video covering the Demand Curve for Labour - Marginal Revenue Product (MRP)
Twitter: / econplusdal
Facebook: EconplusDal-...
Пікірлер: 106
Your content and quality is far superior to Tutor2u's economics videos; as well as more interesting. So thank you for taking your time to record these videos.
@Sorrocasharked
3 жыл бұрын
tutor2u puts me to sleep
@MitchTalbotVlogs
3 жыл бұрын
Tutor2u is absolute garbage. Covers in 25 minute videos what EconplusDal does in a few minutes. Idk how teachers still rely upon it so much :/
@umarhc
2 жыл бұрын
@@Sorrocasharked so dry fr
Got an A in CIE A level Economics! Thank you a lot!! You helped me in many ways!
You're one of a kind. Thank you for being so selfless and uploading good content free of cost, mate :)
an easy way I understood this was : firms will only demand workers if they make money by employing them / if they add to a firms revenue more than they add to costs
@Jamiejamiehamie
2 ай бұрын
Good way of explaining the concept for anyone who doesn’t understand 🔥
Just in time before exams starts! You are a life saver!!!
@shannonwilliams9116
8 жыл бұрын
Agreed!
@suyashbapna9820
6 жыл бұрын
So trueee! My exam is next morning....
@abdirahmanmumin
Жыл бұрын
@@suyashbapna9820 what did u get
I LOVE YOU ECONPLUSDAL
You are awesome my dude. Thank you for taking the time to create and share these.
Bro thank you so much, you are a life saver
Sir I don't know how to thank you enough... Really your videos are of great help during this period of lockdown.. I'm able to finish my revision notes for CIE A level Oct/Nov 2020 series.....Thank you sooooooooooo much. 🙏❤️
Great explanations for all the concepts! Thank you very much.
Great video - very clear and well explained. Thank you Sir
I like your work. This video has just helped me better understand the concept of MRP. Please do continue with your amazing work.
my exam is in two hours and i think you've just saved my life, thank you!
thanks for making these amazing videos!
Amazing video, made things so clear for me, thank you so much
Great simplified explanation!
thank you so much. made my life easier.
To me, u are my source to recap why D=MRP even after years
thank you for this! I hope you can cover monopsony, trade unions and government roles (ie minimum and maximum wage) in the labour market in your later videos as well, Thanks lot :)
life saver! thanks a lot!
your videos are really helpful. thank you so much!
You smashed it with this one! Thanks a lot Dal!
@stephenmaina9829
Жыл бұрын
Onawe wi gúku😂😂
Thank you so much for your help of making me understand MRP which I was having some issues
You saved my life!!!
perfectly explained!
ur the best for exams
wallahi i love this guy uno
Great video series.
Thank you so much this was very helpful
thaaaaaaanks form KSA
it was very useful for me. thank you
good teacher love from china❤
Thank you so much sir
thank you very much this is helpful
High quality video
such a legend :)))
please include this in you micro ecnomics a2 playlist so every one knows its a part of syllabus thanks in advance sir.
Well done
Thanks
The true GOAT
loved the video. can you please upload a video on income distribution?
Thanks!
love u bhai
Thanks 🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏🙏
@econplusdal could you please do a Video on Maximum Wages because in the Specimen for the OCR syllabus there is a 25 marker but the mark scheme is never developed enough so that students can have a full comprehensive analysis on maximum wages
yes lad
thanks vikkstar
thanks
Wow you're jst flawless
So am i right in saying that despite Diminishing marginal returns setting in, firms will still employ more workers past this stage given that the total productivity is greater than / equal to the wage rate?
hi sir, you have put up videos based on the different exam boards except the cie one. Will you be putting up one?
i love
the best thing since toast
Just curious but why would a firm want to employ the 5th worker for? They wouldn't be receiving any extra profit from doing so as all the revenue made by the 5th worker is used to pay the 5th workers wage, so wouldn't this lead to the profits being the same whether you have 4 or 5 workers?
@johnruddy4049
8 жыл бұрын
Increase revenue and market share
@salmanhussain6863
4 жыл бұрын
@@johnruddy4049 thanks john
I get it, but the diagram surely depicts that at around a wage rate of 10, 6 workers will be hired?
when bringing up MRP in an essay, do you always have to assume that the firm is operating in a perfectly competitive labour market? So that you can expand your answer that firms can hire up until MRP=MCL? Thanks.
thanks daddy xx
So, MRP is the monetary version of MPP, right?
When MP IS pos TP increases at increases rate.But your is at Dec rate. Why???
How come in the table the wage rate is constant, but the y-axis has a changing wage rate?
Economics CAIE tomorrow!!
yess f583!!!!
Any help finding Marginla wage?
do you have a video on market structures....???
@EconplusDal
7 жыл бұрын
Loads of them in my Year Microeconomics playlist. Check them out - everything is covered
is D = MRP only for perfect competition by virtue of your mathematical derivation (maximize profit when MRP = MFC) or is this just something we assume as part of the theory? HELP DAL!!!
You’re fucking awesome
I dont even need to know this for AS but still interesting vid :D
Please I am trying to buy the content from your website but it isn't accepting Google pay or paytm
Do we need to know this for Edexcel because it's not on the spec
@jason-os3jg
5 жыл бұрын
no g only ocr
My teacher told me mrp = extra revenue divided by extra worker. Is this wrong ?
How is MRP = Demand line?
What if the market is not perfectly competitive?
Is the MRP theory the same as Marginal productivity theory?
@123aaafus
5 жыл бұрын
yes both the same
why isn't marginal revenue product on the y axis?
Sir is the formular for MRP same for monopsony?
@Adam-do8ny
5 жыл бұрын
Yes
I wish to buy your micro economics module? Can I do it!?
Wht country R from?!
you beautiful man
is mpp*p same as mpp*mr? pretty sure it is, innit? because marginal revenue is like, the price of each product.... (hope everyone does well in there a-levels btw)
@humaiira
2 жыл бұрын
oh wait he said it - got my answer. whoops
@UTK37
Жыл бұрын
how'd you do?
Why do we assume this firm is operating in PC?
MRP=MPP X p
Do you give individual online classes for ib economic?
@happydays1457
2 ай бұрын
Have a look on his website, it's linked in the description
We assume workers are homogeneous. So why is it that the second worker produces more than the first?
@uniqueunonymous1055
3 жыл бұрын
he produces more in a sense that he adds more to total product........lana rhoades
any bhabs in the making?
grow your beard
@antisocialbarbie1587
Жыл бұрын
He had it in one of his recent
gash trim in 2016 dal
thanks