Understanding the relationships between Total, Marginal and Average Product

Understanding the relationships between a firm's short-run productivity curves will provide us with a basis for understanding how a firm's costs of production change as the firm varies its level of output in the short-run.
Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! econclassroom.c...

[@bradansel]

SOOOOO helpful even 7 almost 8 years later. Ur the best

[@danielschwegler5220]

Indeed

[@mobicheema2381]

First time i have ever commented on a youtube video. Simply Awesome. People! I know this concept is confusing but if you just give yourself 18 minutes this guy could clear all the questions you have but again you gotta be paying attention. Thank YOU SIR

[@zubairazamsiam20yago97]

Finally the legendary class came to an end.

[@nguyenthiphuongdung1262]

You are a really good lecturer. I learn a lot from you. Thanks so much.

[@adaramolamary9981]

First time I'll comment on KZbin This is simple, straightforward and clear, thanks really appreciate

[@AaliyaKhan]

making paper chains in an economics class!

[@JasonWelker]

@zeroizhar Marginal product is the change in total product resulting from each additional worker.

[@neobat1]

nice explained, thanks a lot!

[@adamkhan9899]

when plotting marginal product shouldn't you plot the points at the half way point between each level of factor input?

[@bernadinehudson6859]

Love the practical examples, explanations are not technical and this makes it easy to understand. thank you!

[@felixerhabor8075]

You've made it so simple to umderstand, thanks a lot😊

[@AivadorigaIgo-ec7nb]

True❤

[@surrahhhh]

The magnet example is a perfect explanation! Thank you so much.

[@karanmehra6909]

Very helpful, thanks for the informative vid.

[@mariamh.2714]

Oh my god thank you so much!! I wish I looked for this video 4 hours ago while I was going through all the notes and the book 😩

[@salemkraidi3530]

You should teach our teacher to teach us like your teaching. You are great teacher sir

[@GeneralManagerVIASEJ]

nice

[@zaccaih]

W lecture. Thanks for this video!

[@DianaHeinsbergen]

Why did you not talk more about the dots ? instead of going fast over them w

[@ChipoMary-pl6fk]

Mmmm you are good , this is my first time commenting on learning videos

[@mohsenasarmin3493]

Love from Bangladesh.Also thank you very much sir

[@pascalketumile]

You you didn't explain how exactly you plotted mp and ap🙄

[@DavidGibson-kc8sk]

Thank you for well explanation🙏🙏

[@suzy_h6397]

This is excellent, thank you!!

[@misba9128]

How did uh took tht tp total product number 🤔

[@yohanjhaveri3271]

1:00 Child Labour

[@iremdir234]

you are the best ! i finally start to love Economics

[@UcheCajethan-ef2lm]

Thanks for the lesson it was understood

[@xinxinchen]

thank you!!! i am self learning and was so CONFUSED but after watching this I understand!!!!

[@Hart4naturals]

OMG! This was excellent!!!

[@taxationistheft7047]

for marginal product when you increase from 0 to 1 worker why don't you plot the points at .5 instead of 1, etc? the MP only occurs at the midpoint between them

[@JasonWelker]

@valenzc3 Total product is the presumed output of the firm. I made it up.

[@alisa__-ix9id]

nice! i understand it now☺☺

[@hanafisr125]

Tqvm sir may God bless you

[@mouhammadmouneerluchmun1629]

Thank you a lot . Your expanation will help me for my economics exams

[@Sumanofficial-qf4nv]

Please explain in Hindi medium

[@shahzainahmed9653]

you mean marginal profit , avg profit and total profit and not product

[@tabithaneema2270]

No it’s product not profit

[@hrshield1626]

Which song was in starting? 😁

[@skylerwang8846]

"i use my students as labour" AHAHAHAHA comedic gold i must say..

[@stefanvicoleanu2911]

beautifully explaiend

[@ninamikou]

thank you this is so helpful!

[@yinyin7614]

Awesome video. Recommended.

[@nataliavasquez3360]

I wish you were my professor

[@juliane1mota]

Awesome explanation!

[@just-pure-chaos]

In graphing the sets, i noticed that the scale in the quadrant in x axis, for every 1 unit is marked 1 and additional 1 progressively, but in the y axis with the same or equal value of unit it is marked 2, and an additional 2 progressively. Is scaling in graphing this sets matter.?

[@richaka]

Great explanation sir, thank you.

[@mzaz2844]

thank you so much!! wish i could attend your class in real life!

[@ToheebAbdulRasheed-zp5yy]

Good teaching

[@angelinedeborah5345]

thank you for the video! this made it much easier to understand!

[@i3elieve]

I feel so dumb if these kids are learning about MP AP and Diminishing returns, why am i doing bad in econ while im in college :( FML

[@st0cyl0vesch33se]

You are way better than my college professor omfg

[@021aminul]

wonderful explanation , thanks❤️

[@pharihavolleyballteam103]

woow so nice ur big thanks because I am not find out AP

[@maazmalik6018]

ty :)

[@Childrensmathes]

Explained very well.Thank you very much.

[@ades.p.5245]

This video helps me a lot , Thank you so much sir

[@j53iliff2]

Cool vid, would you end up hiring 4 or 6 employees?

[@not4yman]

6 employees

[@williamharris1544]

@@not4yman 4

[@williamharris1544]

very helpful, best 15 minute power nap ever

[@scdgjilh]

doesnt TP start falling only when the MP is lower than the average?

[@kavindudulanjan2548]

Nice explain, tnx

[@akotmartin5730]

Very nice and I love this final to studies economic

[@realdvgarg]

When I read 2012, I think 2 years ago not 8.

[@zannatulislam9370]

thank you sir

[@Sumanofficial-qf4nv]

Hii

[@maazmalik6018]

9 years :D

[@KhalilHomaam]

Thanks for clear explanation. Arigatu !

[@Nightengale0000]

Thanks again

[@mohammadalwi3917]

Thanks

[@nishantmaske1]

Very nice explaination and thannnnnnkkuuuu sooooooooo much

[@arowolodavid1683]

It's ok

[@aalokdhonju5809]

Thanks for the explanation 🙂

[@umerahmed6678]

This was so well explained !

[@COCO-rh8ey]

OMG, YOU SAVED ME !!! THANK YOU

[@sirgepavani6774]

thanks alot good explanation

[@md.moniruzzamanmia7233]

SPECIALLY THANKS

[@daragsanket]

Awesome video....thank you

[@khonymony]

Very good explanation. Thank You

[@dikshamunogee5576]

could u please do exchange rates

[@leratolikhomo1649]

I like you my brother! Thanx

[@gamaleissa7657]

You're the best.. Thanks professor

[@movieniwilly]

Very helpful. SALAMAT PO!

[@sanfran224]

thanks

[@ugurcancelik3357]

you are life saver even 8 year later

[@livealife5102]

Oh my.. thanks a ton!

[@zeroizhar]

how do you get marginal product sir?

[@SubashChadara-ft2qn]

🎉🎉🎉

[@thebashii1519]

thank you a lot you help me

[@andyt9677]

The intro was great

[@soso-ku9fx]

very very very very helpful.

[@kipoalpha4380]

good teaching

[@ahmedalam5048]

9:06: hardest part

[@07Shivamk]

Amazing tutorial sir!

[@valenzc3]

how do you find TP (output)?

[@lindyblu99]

excellent explanation :)

[@Suwaniify]

Thank You!!!

[@592leroy5]

thanks

[@amitkumarsharma8098]

nice

[@majlindamanushi9057]

Thank you mate!!!

[@Ligogoc00]

Thank you

[@jeanbulyaba]

Man, you are good!

[@zeroizhar]

tnx ^_^