Micro 5.4 Resource Market, MRP and MRC: Econ Concepts in 60 Seconds- Factor Market
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I once was an economist, but then I took an arrow to the knee.
1 month ago in playlist AP Micro Unit 5: Resource Market Playlist 7
All Comments (20)
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Very helpful thank you!
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This is really helpful and easy to understand! Thanks so much! :)
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@mazza5150 Its not about Profit it about the amount of labour you hire (maximise output)
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this video really helped me,,,smart methodology for teaching ,,,thX
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Great videos, incredibly helpful, even for tertiary level. Thankyou!!!
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you literally should be teacher of the year for the NATION. I am in college and you are one of the best teachers I have seen in person, online, etc.
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Good stuff. Now if only I could piece this together with least cost/profit maximizing rules. I assume they're all interlinked somehow.
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Wow yeah this was probably the most helpful video ive ever watched. What ive been unable to learn in 3 weeks in econ i leanred literally in 2 mins. Thanks so much
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You are brilliant!!!! After watching this video, my brain go "click"! Thank you so much Mr. Clifford!!!!!
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Why number 3 and not number 2 or 1?
martianwho 2 years ago
Yes. You hire three workers to maximize profit. You don't hire only two because you can make more profit from hiring the third worker. You don't hire the fourth because you would make less profit.
ACDCLeadership 2 years ago 2