Understanding the relationships between Total, Marginal and Average Product

Understanding the relationships between a firm's short-run productivity curves will provide us with a basis for understanding how a firm's costs of production change as the firm varies its level of output in the short-run.

[zubairazamsiamyago]

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[bradansel]

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[adaramolamary]

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[mobicheema]

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[nguyenthiphuongdung]

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[bernadinehudson]

Love the practical examples, explanations are not technical and this makes it easy to understand. thank you!

[surrahhhh]

The magnet example is a perfect explanation! Thank you so much.

[mariamh.]

Oh my god thank you so much!! I wish I looked for this video 4 hours ago while I was going through all the notes and the book 😩

[salemkraidi]

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[felixerhabor]

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[xinxinchen]

thank you!!! i am self learning and was so CONFUSED but after watching this I understand!!!!

[JasonWelker]

@zeroizhar Marginal product is the change in total product resulting from each additional worker.

[iremdir]

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[mouhammadmouneerluchmun]

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[ugurcancelik]

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[tdeditz]

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[angelinedeborah]

thank you for the video! this made it much easier to understand!

[stcylveschse]

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[adamkhan]

when plotting marginal product shouldn't you plot the points at the half way point between each level of factor input?

[UcheCajethan-eflm]

Thanks for the lesson it was understood