Law Of Diminishing Returns

Law Of Diminishing Returns
[3/26]
by openlectures

Now we're at production in the short run. First we explore a concept that is fundamental to our understanding of production - the law of diminishing returns.

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[josephrobles]

Short video but it is well explained! Thank you brother!

[dillonhodgdon]

Thank you after 20 videos on this i finally understand from only your explination .

[jethrobo]

Great synopsis. You've got the ingredients to be a fantastic professor. Please make more videos!

[Artty-flul]

You guys remember the movie "Fight Club"? Remember the guy Tyler had at gun point in the parking lot. The one that was studying to be a veterinarian? Yep.

[andretabassi]

great video, simple and quick. It has helped me understand the concept to finish my paper. Thank you

[kynnethpalencia]

Online Economics Courses should use this!

[ahmedrizvi]

Thank you it was to the point in a Short time sir 😃

[diontaedaughtry]

Thank you this was very helpful and informative 👍👍

[dominicmoreno]

I believe your education should be more known and respected

[smh]

I cant stand economics class. Its all just common sense to me. Lets get into logistics, marketing, research/development, construction costs, etc.

Its like, Oh, the more you have of one thing in some cases, the more it will diminish if the trend continues. No shit. Its like having a fine quality steak for dinner. Tastes good. Next morning, steak for breakfast. Good but not like yesterday. Then lunch, and dinner again. Cycle through a week of this and you wont eat steak for several years.

[andrewhorsfall]

Short video.  Good graphics.  Amusing accent.  Sold!

[nidulamaknidulamak]

Have you heard of the Chinese godfather? He made them an offer they couldn't understand.

[janctube]

This is why all Government entities in South Africa are failing. Black Economic Empowerment (BEE) forces companies both Private and Government to employ people beyond what is needed in terms of Input and output. The law of diminishing returns is kicking the ASS of BEE.

[Thijs-Kuiken]

"In the next few checkpoints, we look at production in the short run, long run..." ... ok... but eh...
can you start by looking in the camera? :p