Episode 20: Producer Theory
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Uploader Comments (mjmfoodie)
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These vids are awesome
2 years ago 12
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you've no idea of how grateful i am for the existence of these videos
2 months ago 2
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thank you so much for putting effort and teaching us a simplified version of economic theory. I really appreciate your help :-)
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Why is it that the hiring of the second employee MORE THAN doubles the output- 14 units instead of 12? I don't understand.
SpunkOnSchoolUniform 2 years ago
Well, it certainly won't happen with every worker, but it typically does occur at the outset. Some of it is because of specialization and dividing up the tasks (one person writes "I love," the other writes "economics," and each of them gets better and better at his or her task as they go along). It might also be synergy - just by having a team, the individuals work better/faster.
mjmfoodie 2 years ago 5