Micro: Unit 3.1 -- Marginal Product and Diminishing Returns скачать в хорошем качестве

Micro: Unit 3.1 -- Marginal Product and Diminishing Returns

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: https://www.teacherspayteachers.com/P... Follow our store on Teachers Pay Teachers https://www.teacherspayteachers.com/S... Look for us on Social Media: Instagram --   / youwillloveh.  . Facebook --   / youwilllovehi.  . Subscribe to our YouTube Channel:    / youwillloveeconomics   Check out our website for teaching tips and insight from us- https://sites.google.com/view/you-wil...