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

Visual explanation of Production Theory, Total Product, Average Product, and Marginal Product of Labor used in economics classes. This is the first of three videos on the play list.
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[@RocketPopsicles13]

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]

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]

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

[@arbabsalahuddin6747]

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]

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

[@mostafahussein7756]

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

[@stefberry21]

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

[@sohaaayla]

issuing a thanks on behalf on all students struggling with microeconomics and who then understand the ideas a little better through accessing your videos

[@AlokitaGupta]

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

[@Stealthkill1000]

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

[@bayanibrahim9614]

thank you ; really all your videos are so helpful , these videos are simple enough to understand every thing ...thank you again

[@economicsfun]

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.

[@rougeoussama9969]

i need version in french plzzzzzzzzz help me

[@rougeoussama9969]

i need version in french plzzzzzzzzz help me

[@cherieminn2673]

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

[@kalyanikamat5177]

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

[@Yuki-od6cd]

This video has greatly helped me . Thank you

[@kaolonly]

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

[@economicsfun]

Thank you for such kind words!

[@economicsfun]

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

[@agaloemmalago7824]

very easy to understand and very good to watch.

[@aliilyas4371]

these person is breliently explain all topics

[@adamsmith7171]

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

[@messofadreamerx]

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

[@samakil2766]

thanks for the video and the great explanation was very helpful

[@economicsfun]

Many thanks for the feedback!

[@savidislps]

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

[@j53iliff2]

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

[@aubreydebruyn84]

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

[@economicsfun]

@xDizzyCheese Happy the vids helped. And yes, please use my vids in your notes, on your exam and share them with your classmates too.

[@andreif132]

thank you for the easy explanation!

[@IqmalRedza]

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.

[@muinelman967]

TQ sir, its so helpful !!

[@1234ravi1234ravi]

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

[@mahamedjaajme]

simple to understand. thank u

[@somyakhare2795]

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

[@SirCopperfield]

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

[@economicsfun]

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.

[@user-uh1qt5rp5p]

So great!

[@paulinakaseka5946]

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

[@xDizzyCheese]

saved my life, thanks :)

[@MAWUTJOK]

very helpful. thanks

[@aryaacikel7085]

The BEST!

[@bellacooper9770]

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!

[@tumainjohn6165]

Great examples

[@paolapascali7722]

Great video

[@edagewere4749]

well explained lecture thank you

[@almaulim__5126]

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

[@economicsfun]

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]

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

[@RaselMasum]

wow best video

[@economicsfun]

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.

[@economicsfun]

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.

[@BarbeauDaniel1]

EXCELLENT

[@economicsfun]

Thanks!

[@dluzar]

Great job

[@juliohernandez-duran2375]

Great video. Thank you!

[@economicsfun]

Julio Hernandez-Duran You are very welcome.

[@economicsfun]

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

[@diontaedaughtry974]

Excellent

[@lolitaponcik152]

the ending PARTY MORE STUDY LESS lollll

[@nawressferjani5922]

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 :(

[@aishamuhammadashraf5163]

nice explaination

[@DutchOrbit]

still relevant in 2020

[@vinayak186f3]

Thank you 😁

[@aayushi1782]

Thanks a lottttt

[@economicsfun]

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

[@karinakarki2971]

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

[@vladimirputin3800]

No worker/labour = 0 output produced

[@mahmudhasan8369]

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

[@economicsfun]

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]

What program do you use?

[@drallisimo34]

cool!!!

[@fatematuzjohora1648]

How to draw this picture as like u

[@andrewtaylor-hall2550]

you hero

[@smshahriar997]

good

[@rougeoussama9969]

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

[@bellacooper9770]

Wow

[@user-zv8im9wz5k]

like

[@mohamedalwani7823]

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