So helpful during my a-levels even though i didn't take the exam (2020 graduate) the knowledge i gained is really helpful now for my econ module at uni! Coming back to these to clear things up - best teacher!
THIS IS THE CLEAREST VIDEO I'VE EVER SEEN IN MY LIFE EXPLAINING LONG RUN AND SHORT RUN AND SCALING I UNDERSTAND ECONOMIES OF SCALE PERFECTLY NOW GREAT JOB ECONDALPLUS
Economies of scale is when long-run average cost decreases as a firm expand. Returns to Scale is how much output changes in response to changes in inputs. Bit late but there ya go (:
for the first level of output- 3000, he added the capital and labor taken to produce in order to calculate total inputs used (150 Labor and 20 Capital= 170 total inputs he did the same for the 2nd level of output as well-7500 (300 Labor and 40 Capital= 340 total inputs) then he got the percentage change in inputs (the difference between the total inputs divided by the original/previous input level into 100) (340 -170= 170 (the difference)/170 x 100= 100) 100 is the % change in input level for output 7500-3000=4500 (difference in the first two output levels) to get percentage change divide the difference by the original output level into 100 (4500/3000 x 100)= 150 is the % change in output level. Hope this helped :)
Best video on Economies of Scale😔🙏🏽I literally didn't understand the topic and knew everything at the end of this video. In just 7 MINUTES!!! 🔥 🔥 🔥
So helpful during my a-levels even though i didn't take the exam (2020 graduate) the knowledge i gained is really helpful now for my econ module at uni! Coming back to these to clear things up - best teacher!
What are you studying/ did you study?
THIS IS THE CLEAREST VIDEO I'VE EVER SEEN IN MY LIFE EXPLAINING LONG RUN AND SHORT RUN AND SCALING I UNDERSTAND ECONOMIES OF SCALE PERFECTLY NOW GREAT JOB ECONDALPLUS
I wish you were my teacher irl
Irl?
@@shrutiupadhyay5013 In real Life*
Seriously underrated!Thank you
U revised for exam?
Brilliant, thank you for putting this detailed explanation for free. Bless you
You are an excellent teacher.. 👏👏👏..... Your teaching is crystal clear.
You're the reason why I got an A* for cons unit 3
Got so confused in school lesson, but finally understand it in your video!!!
very clear on point! way much better than any other videos I have seen before.
pause at 0:00, when you open the exam paper and nothing you revised is on there
this made my day
Euan Scott hahahahahahahagagahaggahahahahahahahahahahahHahahahhaahahahahabahahhaahhaahhaa
🤣🤣🤣
does not work for me(((
LOL
Thank you so much ❤️ you are the best economics teacher I've seen.
finally!!! a video that makes sense.
THANK YOU
Thank you very much. Well enough explanation. Better than my actual teacher.👍👍👍👍👍👍. Hoping and full confidence to get A grade.🙂🙂🙂🙂
Easiest Explanation! Your accent is American and you have Kalawa in your hand. Jai Shree Ram guru ji! Nice Explanation thank you
Excellent video. You're a legend Dal
thankyou again Dal! really well explained this
Greatly Explained
👌👌
Best teacher ever
I love u... my teacher could never.
I love you Dal !!!!!
Can you please make a video on why/how LRAC curve is derived from SRAC curves? Please !!
LRAC is the minimum line of all the SRAC's
th-cam.com/video/URIjtaP6SPk/w-d-xo.html if youre still confused
You are helping us alot 👏👏☇☇🔥🔥
YOUR SO HELPFUL
u a real g
superb!!
very helpful thank you !!
i LOVE YOUR VIDEOS
Thanks teacher
May I know what is the difference between Economies of Scale and Returns to Scale?
Economies of scale is when long-run average cost decreases as a firm expand. Returns to Scale is how much output changes in response to changes in inputs.
Bit late but there ya go (:
Thank you so much Sir
very good explaining skills, detailed knowledge. do u have IB economics year 1 & year 2 chapter wise videos list to go thru ?
Thank you sooo much
Thank you sooo sooo much sir
Sir in case Constant return LAC curve is which shaped
Thank youuuuu
How to get the %∆ inputs and outputs?
THANKYOOOOOU
Trims doings bits still come on family
YOUR SO CLEVER
How do you get percentage change in Input amd and output in the table?
did you find out?
I can't understand how to calculating % of input,And output
for the first level of output- 3000,
he added the capital and labor taken to produce in order to calculate total inputs used (150 Labor and 20 Capital= 170 total inputs
he did the same for the 2nd level of output as well-7500
(300 Labor and 40 Capital= 340 total inputs)
then he got the percentage change in inputs (the difference between the total inputs divided by the original/previous input level into 100)
(340 -170= 170 (the difference)/170 x 100= 100)
100 is the % change in input level
for output
7500-3000=4500 (difference in the first two output levels)
to get percentage change
divide the difference by the original output level into 100
(4500/3000 x 100)= 150 is the % change in output level.
Hope this helped :)
What numbers is he reading?
Bruh. 03:30 Like I'm really enjoying the lesson but wth is going on there?
Are you Indian??
british indian