Thank you so much for this amazing video! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What's the best way to send them to Binance?
People usually watch videos on thier website, in fact it's not an entertainment video, it's a lecture video for specific topics so everybody isn't going to watch it
When MC > MR this means that a factory for example has greater cost of producing something compared with its profits. Think a basic example of labour units. If employing an additional worker is not beneficial for the factory as it raises MC (note that MR is constant in this case), the factory will simply not employ him because if he does, it will have negative profits (meaning it has to shut down).
@@21LeonidasZ Yeah that's a logical explanation. Could also be due to increased material costs. Let's say extracting a particular resource beyond a certain limit leads to excess costs. Though this is a rather specific scenario.
The curve goes up because once you hire too many workers, every additional worker becomes less productive as they have less to do. When the worker is inefficient but they’re asking for the same wage as the other workers, you end up having to pay more to get an extra unit. This is called “diminishing marginal returns.”
This is sooo interestingly taught! Thanks a lot sir:)
Thanks for the video! Really helped me to clarify a doubt I had regarding this.
Comprehensive explanation.
Excellent thanks
Thanks!
Really helped clarify!
Thank you so much for this amazing video! Just a quick off-topic question: I have a SafePal wallet with USDT, and I have the seed phrase. (behave today finger ski upon boy assault summer exhaust beauty stereo over). What's the best way to send them to Binance?
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why does marginal cost curve increase to the right though? shouldn't it decrease normally?
Great video! 😄😄
why did you color the entire rectangle? do you also need to cover the average total costs as well, to earn profit?
Wowe
Super!!!
Crazy how you have 4.5 million subscribers but less than 200 views in 2 hours
He's not just talk about one subject. Come on.
People usually watch videos on thier website, in fact it's not an entertainment video, it's a lecture video for specific topics so everybody isn't going to watch it
thanks so much!
Why would the marginal cost ever exceed the marginal revenue? You need to acquire more equipment at that point?
Same question
When MC > MR this means that a factory for example has greater cost of producing something compared with its profits. Think a basic example of labour units. If employing an additional worker is not beneficial for the factory as it raises MC (note that MR is constant in this case), the factory will simply not employ him because if he does, it will have negative profits (meaning it has to shut down).
@@21LeonidasZ Yeah that's a logical explanation. Could also be due to increased material costs. Let's say extracting a particular resource beyond a certain limit leads to excess costs. Though this is a rather specific scenario.
decreasing returns to scale
The curve goes up because once you hire too many workers, every additional worker becomes less productive as they have less to do. When the worker is inefficient but they’re asking for the same wage as the other workers, you end up having to pay more to get an extra unit. This is called “diminishing marginal returns.”
Superb
...k.
Pora
I can't stand black board, why dont you try white board?
sal, don't listen to this one.
bro dont blind us