Introduction to production functions | APⓇ Microeconomics | Khan Academy
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- Опубліковано 5 жов 2024
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Production functions describe how output is determined by various inputs. The short run is defined as the period of time in which at least one input is fixed. Anything longer than that is considered the long run.
AP(R) Microeconomics on Khan Academy: Microeconomics is the study of individual decisionmakers in an economy, such as people, households, and firms. Learn how markets work, how incentives drive decisionmaking, and how market structure influences market outcomes. We hit the traditional topics from an AP Microeconomics course, including basic economic concepts, markets, production and costs, profit maximization perfect competition, imperfectly competitive market structures, game theory, factor markets, and income inequality.
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I love how you break things down. Ifeel like I am in an actual classroom watching you explain on the blackboard. It's the best. So grateful for your explanations.
im just amazed by your drawing, honestly amazing
Thank you sir, I just wish that you could help me not hate economics
Thanks so much for your simple explanations and clear illustrations.
economics is always dull when its not khan acadamy.
agreed :)
Thank you for my very first lesson in economics.
This is the most simple and clear explanation I've seen yet. Thank you
This is so helpful ❤❤❤
Clearer than I thought 🤔
🎯 Key Takeaways for quick navigation:
00:00 *Production function basics.*
00:59 *Factors of production.*
02:26 *Bread toasting example.*
03:30 *Constructing production function.*
05:28 *Short run vs. long run.*
Made with HARPA AI
Awesome
Thank you
Thank you sooo much!
Wow a new economics vid, thanks :D
2:15 Can't lie, that's not a bad drawing of a toaster from first sight.
Cool
Thanks a lot, Sir Sal. O:)
Amazing.
Those bread toasting skills are awesome
the existence of negative production function justifies a lump sum payment to all to ensure positive production functions
I dont mean to be so off topic but does anyone know of a way to get back into an instagram account..?
I somehow forgot the password. I appreciate any tips you can give me.
@Curtis Andre instablaster =)
@Wesson Shepherd I really appreciate your reply. I found the site through google and I'm in the hacking process atm.
Looks like it's gonna take quite some time so I will get back to you later when my account password hopefully is recovered.
@Wesson Shepherd It worked and I now got access to my account again. I am so happy!
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@Curtis Andre Glad I could help :D
do not watch this video when you are hungry
Whyyyy
I am only one from Africa.
do u know what sketch thing he used
No
No mate you got a brother here from South Sudan 🇸🇸
What is ur name ?
even francophone Africa is here!!!
Part 2?
Bread👍
Coollllllll.😁😁😁😁😁😁😁😁😁🤩🤩🤩🤩🤩🤩👌👌👌👌
Please help me calculate this problem
Suppose the production is given as
Q= F(56L^1/2 -12L+K^2+400)where the value of K=5unit then calculate elasticity of input at total output maximizing level of input
I need tutoring how can I contact you personally?
They have an online site for their classes search up "Khan Academy".
great video, but the yellow cursor is SOOOO distracting!
who are the people who disklike these videos
negative production functions should they exist print money by government paid for every good agreed by all payments
I tooo has grammar
💙🖤
That writing style look so uncomfortable..
Not really bad, there's more room for improvement .
second
lol
Samuel L. Jackson
Haha first
I can only get first on ur channel 😬