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Diminishing Returns and the Production Function- Micro Topic 3.1
5:54
YouTubeJacob Clifford
Diminishing Returns and the Production Function- Micro Topic 3.1
I explain the idea of fixed resources and the law of diminishing marginal returns. I also discuss how to calculate marginal product and identify the three stages of returs: increasing, decreasing, and negative returns. For more econ stuff, visit my website www.ACDCEcon.com Need help? Check out the Ultimate Review Packet for FREE: https://www ...
1.8M viewsNov 12, 2015
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