Y2/IB 12) Efficiency (Allocative, Productive, Dynamic and X)

A2/IB 12) Efficiency (Allocative, Productive, Dynamic and X) - A look at the major efficiencies regarding theory of the firm and how to find them using business economics diagrams. Covering allocative, productive, dynamic and x efficiency

[dhruvsingh]

Allocative --- 0:42
Productive --- 1:43
Dynamic --- 3:22
X --- 4:27

[rayanfakhoury]

Excellent videos. Thank you very much.

[madhusrinivasmurthy]

Ur explanations are awesome! please upload videos on indifference curves, profit theory, consumer behavior, utility analysis...
thank you,
Madhu

[ziqharun]

Fuck it, this guy is the new Pajholden.

[patricialist]

Awesome!!! Thank you!! Simple, yet clear explanation!!

[dead]

5:32 why xeffienicy occurs at any point on the AC curve ?

[shimraakthar]

thanx alot..that was really helpful!! you're really amazing ;)

[clarebecky]

If a firm is able to fully exploit economies of scale over a range of output does this mean the minimum efficient scale differs from the point of productive efficiency ( MES where AC is first minimised and productive efficiency where AC is minimised but at the greatest output level) ?

[elijahpowers]

Amazing teacher !! thz for the sharing Mr. Dal

[durthpreetsyan]

Mr Dal, on your point about X-efficiency, is point a the price charged to the consumer? Implying that any supernormal profits made within a market cause X-inefficiency? For a monopoly anyway

[samib]

Wouldn't state run organisations still want to keep costs as low as possible so that they can save money and spend it elsewhere? For example
saving money on education for infrastructure?

[rohanmodi]

Also how can they produce at a point that isn't on the cost curve? doesn't it have to hit something?

[kzhen]

do you have any videos on Pareto efficiency?

[noamebrahimoff]

k this guy is the goat econ teacher y tf do i go to school

[charlie]

is productive efficiency also the MES????

[abeedahdiab]

Seeing as the MC curve always crosses the ATC curve at its lowest point, does that mean that the point of productive efficiency is where MC=AC?

[rohanmodi]

Can you explain the minimum efficient scale please

[evdoku]

In your previous videos you mentioned that economies of scale do not exist in the short run, though, while here you have said that productive efficiency means fully exploiting economies of scale