i wish you were my professor!

@economicsfun

10 жыл бұрын

Well thanks! Good luck in your classes too.

@baghdik18

10 жыл бұрын

my professor just come to class and talks about his gym and other stuff and uses example for that particular chapter and when we want to do the hw, we have to refer to youtube and of course your videos:)

@hasanzahid9637

4 жыл бұрын

Ghar le jao isko apnay

@MeLoTRoUBLE

2 жыл бұрын

@@baghdik18 same goes here too😥😥😪😪

Diminishing marginal returns sets in when slope of the marginal product line equals zero and after that marginal product is negative. I would encourage you to watch the entire playlist (there are only three videos). You should even try to watch the calculus proof. I included a link to the playlist in the video description.

The only one I have on international trade is the edgeworth box diagram. I am in the process of creating more videos for international trade. I just added a link in the video description of this video.

i'm convinced i could have watched an afternoon of these videos rather than spent two weeks of sleepless nights for my upcoming exam. ;) thanks!

Saved me for my Microecoomics exam due tomorrow at UCONN, still helpful in 2020! Thanks man! Hope you are doing well!

@anniehemings3796

3 жыл бұрын

U r from u s a ?

@mrgrob6579

3 жыл бұрын

@@anniehemings3796 yes, sadly I am 😂😂

@leemari7695

Жыл бұрын

Hold on, so the UCONN econ professor does not teach great? I’m planning to go to UCONN

@mrgrob6579

Жыл бұрын

@@leemari7695 this was during Covid so times were much harder than now. Especially with all classes being online it sucked so much! But now I’m sure with being in person you can get more help. Plus there are tons of different economics professors lol you most likely won’t have the same one I had. I can’t even remember his name to be completely honest

@leemari7695

Жыл бұрын

@@mrgrob6579 Thank you and thank you for responding so quickly Have you graduated from UCONN already?

This was extremely helpful. Thank you.

@OMMCOMHD

4 жыл бұрын

damn son 8 million subs

@JR-bk6sb

3 жыл бұрын

bruh wtf

@nameme7702

2 жыл бұрын

83L subs?Dude wut? WOW! Idk if I should say it's good to see you here?

You are very welcome! Make sure you like MyBookSucks on FaceBook (you can see the link in the video description). This will help me spread the word about the educational videos.

That is great to hear and thank you for the feedback. Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.

That is great to hear and good luck on your exams.

You are very welcome. Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.

Smiles all the way! I'm not scared of the test and exam anymore. Thanks a lot

@economicsfun

9 жыл бұрын

sarlote uushona Good luck on your exam. You can do it!!!

has anyone notice for the marginal product in doing my calculation instead of 18 i get 14 and instead of 8 i arrived at 6 unit....when u cal 336-322/8-7=14 and not 18 and even when u cal it the long way i would still get 14 units. (336-322)/8/(8-7)=14, likewise (342-336)/(9-8)=6 and not 8 unit..so please help me out here someone..

@streetlife3866

7 жыл бұрын

Yea

@khanbaba-nc1fy

6 жыл бұрын

candesia theobald yes

@MissHata93

5 жыл бұрын

yes, you right.

Thank you so much, its kind of hard trying to understand this without having an instructor, dang online courses. Helped me figure out my homework for the week easily.

@philimonmoonze8914

6 ай бұрын

sir, but how have he come up with 18 on marginal product of labor, when we compute (336-60/8-1) = (14/1) = 14. then how have come up with 18 and 8. kindly assist me on that answer?

Thanks for the help! I learn better from your videos than I do in 2.5 hours of class every week!

You are very welcome! Make sure you like MyBookSucks on FaceBook (see video description for link). This will help other students taking online courses find the educational videos.

You saved me from failing my Econ exam tomorrow thank you so much sir

@meltemmusa2950

Жыл бұрын

Dis u pass

You are very welcome indeed. Make sure you like MyBookSucks on Facebook and subscribe. I am always posted new material.

I just wanted to say thanks, you could not make it any easier. I saw other vids for this topic and I could not get them. I did with yours. Its not easy going back to school when your older but u helped my brain to get it. Thanks again.

With total product, are those figures usually given? I was recently given an exercise where we were only given the amount of labor and the columns for total product, average product, and marginal product were blank. How would you suggest completing such an exercise where the only thing given is the amount of labor? Thanks!

@wadjo1

9 жыл бұрын

was there a graph givin in that exercise?

@alexlanglois1975

5 жыл бұрын

I was also given a table without total product of labor given in some spots, without a graph.

Many many thanks from the depths of my heart.

Great to hear and good luck in your classes too. Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.

It's good to see people came here when they had normal classes while I came here when I have online classes. Anyways, Thanks sir!

Thanks for. I will correct that when I revise the video.

thank u for the video i just passed my economy exam no need for reenrolling

My exam is knocking my door. This video is a great help for me. Thank you very much :)

Thankyou so mach sir this was extremely helfull

Thank you sir now understand this hope you will be my professional tech

You are very welcome and luck on your exam -- you can do it! Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos.

Come teach at montreal canada please. You, hands down , are wayyy better than my current microeconomics professor. His explanations are vague and so difficult to understand. If i didnt have to have 12 units per term i really wouldn't take microeconomics.

Typically in this exercises total product is given. You can calculate total product by multiplying average product time output (quantity produced).

now i can understand the concept more clearly. Thank you for the great video. and my Microecons exam is tomorrow!!

seriously you are the boss of ecomics :D

Thanks a lot for this video. It helps me a lot on my lessons especially how to compute for marginal product. But i think there is something wrong in the computation of marginal product of labor 8 and 9?

@shohruhrasulov5216

7 жыл бұрын

yep, it should be 14 and 6

@riehitsuji3968

7 жыл бұрын

yeah, thanks. :)

@wardahsabaruddin7849

7 жыл бұрын

yes i was confused at the same part too , gladly you ask

@wardahsabaruddin7849

7 жыл бұрын

thankyou to u too

sir thanks so much, but how have you come up with 18 when we compute (336-60/8-1) = (14/1)= 14. then how have come up with 18 and 8. kindly assist me on that answer

@theuniverseeconomics

Күн бұрын

yeah I dont get it either. I also calculated 14 and 6. it's funny because he probably did it with EXCEL and the program wouldn't make that mistake.

Thanks prof 👨‍🏫

Your explanations are easy to follow and a great help to me.

@economicsfun

9 жыл бұрын

Laurie Higman Thanks Laurie! good luck in your classes as well. Make sure you like our Facebook pages www.FaceBook.Com/PartyMoreStudyLess this will help others find the videos.

It's simple and easy to understand.

Thank you, that was so helpful! I finally understood the basics

Helpful video, thank you.

Very clear and concise, thank you

Thanks A lot very good video. The quality it is very high

This was so easy to follow along and understand

How do we calculate total capital if it's not given when there are two fixed factors of production given in units ( units of Land and units of capital)

thank you for your assistance

That was very helpful! I thank you!

Appreciate that! Make sure you like MyBookSucks on FaceBook, see link in video description. This will help others find the educational videos.

thank so much its too helpful and reliable

Thank you so much. Now I finally understand how to do it 😊😊😊

Marginal product (MP) and average product (AP) will be equal only if total product is not changing. Typical MP and AP do not equal each other.

@collinpaul1271

2 жыл бұрын

Exactly right At the point of tangency...good stuff 🔥

i study the intermediate microeconomic and its application for Nickolson and Snyder the problems and quizzes are soo hard can u do it please professor

YOU ARE AWSOME! Thanks pal!

Thanks so much man this helped a lot!!

''i will use some nuuumbers'' loved when he said this

Awesome! Do you have more trade videos?

this was a great tool thanks

Hello sir, I have a question... is it short run or in the long run?

It's an amazing video .......thank u

When you say slope of a curve for a particular value of labour is the marginal product, are you not confusing the nature of the data you work with, i.e discrete (which is the data used for production, and hence the need for average rate of change between successive units of labour) rather than continuous (instantaneous change)?

How can I calculation the total products

thank you sir, which software were you using for the presentations

thanks for yr video, it really helpful

thank you so much!!

thank you so much....it helped me!

Thank you so much 🎶

So total product will be given in the question right...there is no formula to calcuate total product?

Can i ask something? Why that the last of product of labor become negative -2 i was trying to solve then my answer is just 2 not negative, can you answer my question

How did you get the figures of the total product.

Thank you so much

thanks a lot

can you put marginal product and average product on the same graph? Or did you just do them separately to distinguish them??

@shubhamarora1287

10 жыл бұрын

Yes i can put TP,MP and AP together in a graph.. mail me at shubhiarora40@gmail.com and i will click a photo and attach it for you if u wanted :)

Nice man! Got exams by morning.

Thanks alot,very clear

How would I Indicate the points that delineate the stages of production

thank you now i can pass my exam

I have ec. exams tmr and i dont know shit😂

I have a question about how to find marginal productivity of constant variable

where does the output of diminishing returns set in?

i think if TP = 0, AP and MP unknown

@daveshboodhoo7301

5 жыл бұрын

MP = 0 AP = unknown

@MohamedAli-dx2fp

5 жыл бұрын

Come back plz to see how you were doing

Great to hear. I was going to name my business myprofessorsucks, but went with MyBookSucks instead. Make sure you like MyBookSucks on FaceBook (see link in video description). This will help others find the educational videos. You can help ease their pain.

thank you so much for this.. :)

what if total product is not given?

thank u very muchhhhhhhh

336-322= 14, 8-7= 1 divide it get 14. why is it become 18?? and 342-336=6, 9-8=1 divide get 6. why is it 8?? any help?? or is it a mistake there??? thnks....

u help me so much thx

What does it mean in marginal product reaching 10??

God bless you

thank you so much

What is the amount of capital is different

in marginal product, 8, 9 and 10 amount of labor I get 14, 4 and 2 respectively by using this formula. How do you get 18, 8 and -2 ? It's biased me >.< . Please help me out. Thanks

@riehitsuji3968

8 жыл бұрын

I got marginal product of 14, 6 and -2 on labor 8,9,10.

This is really helpful! Thanks! (Y)

nice lecture

Sir how to calculate total product average product of labour is given

THANKS A LOT

Where did you find the numbers 52, 34 and 16?

@majlindamanushi9057

8 жыл бұрын

+Kristi Manushi Bump

Thank You

This helps 🙏🏾💌💌

So there's nothing to do in amount of capital ?

What happens if total product is not given?

Is the term marginal synonymous to slope?

@economicsfun

8 жыл бұрын

+JacobCollins123 Yes they are synonymous. Remember that slop is rise over run and so is marginal. Good question.

@JacobCollins123

8 жыл бұрын

This confuses me because this graph isn't linear. It looks like a quadratic function which would imply that the slope should be based off the derivative as opposed to simply relating two coordinates. I see that the slope changes, but does using rise over run calculate your marginal accurately when dealing with non linear functions?

Thanks