Lesson 18 of 23 • 179 upvotes • 9:09mins
Marginal Product and a Law of Diminishing Marginal Product.
23 lessons • 4h 19m
Discussion on Human Needs
11:22mins
Understanding the central problem and how the problems are solved.
12:49mins
"How to produce?" and "For whom to produce?"
8:36mins
Production Possibility Frontier
6:30mins
Organisation of Economic Activities with Explanation
14:49mins
Types of Economics
9:29mins
Introduction to Consumer Behaviour
10:32mins
The Consumer's Budget and its related Components
11:20mins
Budget Line and Points below Budget Line
11:00mins
Monotonic Preferences and Substitution between Goods
12:13mins
Indifference Curve
10:29mins
Optimal Choice of the Consumer and Demand
10:12mins
Concepts of Demand Part 1
14:49mins
Concepts of Demand Part 2
8:21mins
Production, Cost and Production Function
10:14mins
Short Run and Long Run of businesses and Total Product
9:35mins
Types of Product
11:19mins
Marginal Product and a Law of Diminishing Marginal Product
9:09mins
Shapes of Different Products and Returns to Scale
13:41mins
Concept of Cost
15:01mins
The theory of Firm under Perfect Competition
9:04mins
Concept of Revenue and the Total Revenue Curve
14:24mins
Profit Maximisation
14:40mins