Words can’t explain how you literally saved my life and help me to understand in just 2 minutes cause I’m literally doing my test and had no idea what to do thanks soo much ❤
I got an A for unit 3 thanks to this man's videos 89/100 such a great lecturer ......note down what the econ god says in a book and study the book....You'll ace your test
I literally do not have enough words to be thankful to you sir. My physical class was pure waste. I've a few more days for my mcq exam, and finally I'm understanding these easy concepts.
Can you please cover the Indifference curves part too? and how the income and substitution effects has on normal/inferior goods using the budget lines and indifference curves.
Thanks heaps! I used your video to better understand some of the behaviour seen in animals and especially birds when they feed young. This law applies to biology too, and even your own life!
this is the first video i've watched and its really a helpful one. thank you so much man. I was very much behind with my microeconomics. Looking forward to seeing more of your videos.
So it's like when I was managing a pool store, and corporate described every single promotion they had us do as "exciting savings". And how after a couple months I would see those words in the emails, but not really notice them anymore.
Thanks for sharing. Can this logic be applied in the contact center? and how will the law of diminishing return respond to multiple factor work environment (Example: order booking fluctuation, Skill dependency working environment)
In other words, that just means there is an optimal amount of workers for a predefined working place, and a optimal amount of machines for a predefined amount of workers? if I understand correctly what factors of production are (capital, work and technological progress)
The basic ideal behind the principle of diminishing marginal utility is that the additional satisfaction a consumers gets from the consumption of one additional unit of a good or service declines as the amount of that good or service consumed rises. Here we add additional variable inputs to a fixed factor of production. This is different because at the beginning the variable input (lets say workers) increase which results to an increased marginal product due to specialisation and utilisation of fixed factors, and then when the work space is saturated each additional worker will produce less than the previous one = less marginal product is added. Hope that makes sense.
In this case, they'll be increase in production at that period but when more labourers are hired with fixed factors of production, profit/ marginal returns will decreased
No, he didn't. On the axis Y there's total output (ap, mp, tp), axis X is total input (quantity of labour) as it's supposed to be. What are you even talking about?
Hello, great content! Quick question, are these economic theory's empirically proved? Or, is it just based off common sense? If so can you point me in what direction so I can read up on it? Thank you
Presumably it's a generic variation that tries to cover all of the exam boards, he has a reply below about it meeting Edexcel and International Cambridge
Words cannot describe the plethora of love I have towards this man.
He helps us all get into good Universities!
The king is finally back to save my a levels 🤥
P
🥲
5 years had been passed but no one can match your level of teaching!!!! Hats off sir.🎉🎉🎉🎉
Everyone should definitely watch his videos! Got my Jan IAL 2019 Econ unit 3 results today, got an A!!! Couldn’t have gotten it without him!!!
Carolyn Htoon how did you prepare yourself for U-3?
Your videos got me a 92/100 in my A level economics Alhamdullilah
You sir, deserve all the greatest things life has to offer.
Atleast now I understood this part ! I am always confused with this part and now I am having a clear view of this part ! Thank you sir ! 😊
Words can’t explain how you literally saved my life and help me to understand in just 2 minutes cause I’m literally doing my test and had no idea what to do thanks soo much ❤
I got an A for unit 3 thanks to this man's videos 89/100 such a great lecturer ......note down what the econ god says in a book and study the book....You'll ace your test
I literally do not have enough words to be thankful to you sir. My physical class was pure waste. I've a few more days for my mcq exam, and finally I'm understanding these easy concepts.
I was trying to comprehend this topic for hours but could not able to do it until I found this video…thanks man❤️
This man surely deserve a business class in heaven.!!!!
This Gives me hope that I will be able to pass Econ. Thank you Dal!
Thank you so much for your videos, with them I was able to get an A on my AS level cie, THANK YOU
SAMEEEE!!!!
The world need people like you🤝
Short and clear, this video is a life saviour. You have earned a subscriber :D
Big bro Saving my January exams🗣
You have saved a confusing Brian. Thank you!
The best teacher ever
I got an A in Econ because of this guy.
u made it sound so easy thank u father u r my saviour
Can you please cover the Indifference curves part too? and how the income and substitution effects has on normal/inferior goods using the budget lines and indifference curves.
Thanks heaps! I used your video to better understand some of the behaviour seen in animals and especially birds when they feed young. This law applies to biology too, and even your own life!
Great video. You really brought the topic to life!
the rennaisance teacher of A levels economics
Saving my life! Thank you so much! It’s very helpful
Clearer than the books.
You deserve a medal
thanks to u ! I am able to prepare for my A2 even during this pandamic
All heil Lord Dal
Thank you for the clear explanation sir. Glad that I found your channel☺️
this is the first video i've watched and its really a helpful one. thank you so much man. I was very much behind with my microeconomics. Looking forward to seeing more of your videos.
I love how u explain this issue
Thank you very much sir for your service....😊
Im very beginner in economics. Wish luck...
My glorious econ king
the best explanation ever , god bless u bro!!!!!!!!!!!!
U have made my understanding easy 👏
Dont know how to thank you.. but this is awsome...💯💯🔥🔥🔥🔥. Saving me through AL'S.
So it's like when I was managing a pool store, and corporate described every single promotion they had us do as "exciting savings". And how after a couple months I would see those words in the emails, but not really notice them anymore.
how did ur minute video teach me more than my econ teacher did in two years???
Clear & concise. Good job.
Thank you so much for this it really helped me a lot
Excellent explanation ✌️ Thank you😊
When I graduate, I'll buy this man a bigger white board.
Also love your videos !! you're saving my a levels
I can only quickly divide up to 15 by 3 equal 5.
your explanation is so brief! thanks alot 🙏
Do you think that the law of diminishing returns holds every unit of labour use?
great explanation using numbers dal
Do you have any videos on business growth by any chance ?
how comes there is no videos on the labour markets in the microeconomic year 2 playlist?
Sir you are just awesome 👍
How does this differ from diseconomies of scale?
Thankyou for your efforts,
Can someone tell me why MP cuts AP at its highest?
awesome video! thank you!
Thanks for sharing. Can this logic be applied in the contact center? and how will the law of diminishing return respond to multiple factor work environment (Example: order booking fluctuation, Skill dependency working environment)
Very explanatory!
Yo nice and detailed videos man helped me a lot
perfect explanation. thanks a lot
u a real g
Thank you so much sir
Nice illustration
Thank You!
thank you so much
In other words, that just means there is an optimal amount of workers for a predefined working place, and a optimal amount of machines for a predefined amount of workers? if I understand correctly what factors of production are (capital, work and technological progress)
CELL - Capital, Enterprise, Land and Labour
What is the difference between the law of diminishing marginal returns and the law of diminishing marginal utility? 🤔
The basic ideal behind the principle of diminishing marginal utility is that the additional satisfaction a consumers gets from the consumption of one additional unit of a good or service declines as the amount of that good or service consumed rises. Here we add additional variable inputs to a fixed factor of production. This is different because at the beginning the variable input (lets say workers) increase which results to an increased marginal product due to specialisation and utilisation of fixed factors, and then when the work space is saturated each additional worker will produce less than the previous one = less marginal product is added. Hope that makes sense.
@@alexandrademetriou3150 Wasn't the one asking the question but I happen to read your explanation and damn they're helpful, thanks a lot!
Are you VikkStar123's brother?
@@cristobal1051 sorry who are u?
@@cristobal1051 aight 👌
bengali brooo
🤣🤣🤣🤣
Lmao i literally sat and watched this thinking it was the health related one 😭😭
you are awesome😝
Is this in Edexcel A economics?
Oh yes, fundamental
what if the firm increases its Fixed FOP (buys more land(in this case ovens)) as it gets more labour?
For that they need more space, more land hence representing Long run. This law exists in short run, only consisting of variable costs of production.
In this case, they'll be increase in production at that period but when more labourers are hired with fixed factors of production, profit/ marginal returns will decreased
Thank you 🙌🙌🙌🙏🙏
Really helpful
Do these videos cover the entire syllabus for a level economics ?
these vids are the basics so yes!
can you do edquas please
Nice❤❤❤
Hey, is this is also in Cambridge International Examinations (University of Cambridge) A level too?
Yes 100%, the entire playlist is
@@EconplusDal Thank you so much! You've helped thousands of students! I got an A in AS just because of you whereas I had a C in IGCSEs.
And also are these videos in sequence ?
Ap is total product divided by total inputs.btw he got X and y axis all wrong. It should be reverse. 😆
No, he didn't. On the axis Y there's total output (ap, mp, tp), axis X is total input (quantity of labour) as it's supposed to be. What are you even talking about?
what board is this for?
thankyou dal
Thnx alot
Hello, great content! Quick question, are these economic theory's empirically proved? Or, is it just based off common sense? If so can you point me in what direction so I can read up on it? Thank you
The quick division ooph
Is the micro year 2 playlist for AQA?
Presumably it's a generic variation that tries to cover all of the exam boards, he has a reply below about it meeting Edexcel and International Cambridge
where have you been all my life
Thanks！
Great
Thanks
What is FoB?
Its FOPs (Factors of Production)
savior
The 24 people who disliked this video are shitty lecturers who are jealous they cant teach like him.
Can someone here send his A-level notes?
Thank you....
You have such a sexy voice. HAHAHA
👍👍
insane
leng guy
Your calculation on marginal product is not clear at all.