Micro 5.4 Resource Market, MRP and MRC: Econ Concepts in 60 Seconds- Factor Market

[@dougcrimin2456]

Jake, your videos have helped me tremendously in Micro Econ. Thank you so much for taking the time to be a great teacher as well as record these videos for all of us.

[@JacobAClifford]

+Doug Crimin You are welcome

[@Karenn12341]

In an hour and a half of class I didn't understand what the teacher what teaching us when it came to this but in 3 minutes I understood the whole concept. Thank you so much.

[@garrettludescher9588]

this is such a 2009 video. wow, a decade and one day since this video was published

[@xNobleEclipsex]

Better than my actual teacher....

[@markmarino7641]

AP Exam in 9 hours

[@parisluong697]

These videos were so helpful. Thank you, Mr. Clifford!

[@nueah]

i'm acing the exam bc of you! i bought your app too! thanks for making my econ life so much easier

[@jjtwilightlover77]

im taking IB econ and AP microeconomics, and only this video managed to help me understand this topic. I wish I had him as a teacher.

[@felixgarcia3184]

I just learned a whole 50 mins class in 3 mins, SICK!

[@belinda1867]

Super super efficient. One unit, just 10 minute. Definitely an optimum choice of craming for micro haha

[@67snefie]

Yay! I get it. These are the best Econ videos Ive seen. I cant believe I learned in a minute what Ive been reading about for 2 days and it didnt sink in... :-P

[@JinKim-su9ld]

Thanks a lot. You are my teacher for this upcoming AP Econ tests :)

[@dnycpro]

straight to the point, awesome explanation

[@lanaebaker6420]

Omg I learn more from you than I do my own professor! Thanks so much for these videos!!

[@TheSanjay1234567890]

absolutely amazing. very good teaching style. quick and concise

[@martianwho3870]

Thanks - perfect timing for my Chapter test. :) Thank you.

[@IncredulousTriangle]

martianwho how’d that chapter test go?

[@tjnov9949]

Thank you Mr. Clifford, very helpful.

[@gmar528]

I really love your videos. You're a great teacher!

[@goldenace8146]

Why didn't I find your videos sooner?! I'm close to my microec final and this made SO MUCH SENSE. I'm flying blind with the class seeing as I'm given worksheets and no instruction so I appreciate these videos! Wish you were my teacher lol

[@Jimothy-723]

friggen right!
i swear, we should give credits for these types of video. (where some random internet person teaches better than actual proffesors)

[@lexiemcgrady4143]

this saved my econ final exam grade thank u u are amazing

[@Emwo]

thank you! im taking an econ class online and im getting stuck doing the examples. Finally it makes sense !

[@markmkruger]

Great videos, incredibly helpful, even for tertiary level. Thankyou!!!

[@sauldavidclavano]

you just summed up what my professor taught for 2 hours, in 3 minutes. GG.

[@nikhilmekala3446]

Whoa!! Well explained, helped me easily understand the concept, although first time listeners might not be able to keep pace with your teaching...

[@67snefie]

thats why there's rewind. :-)

[@yulianamontalvo4454]

this man just blew my fricking mind

[@Celeandoer]

Bravo man great lesson learned in one watch

[@kitcat5643]

This is really helpful and easy to understand! Thanks so much! :)

[@ter3389]

I FINALLY GET IT! Thank you!

[@殿堂级浴室歌神]

Hi, Mr Clifford, I noticed that there isn't mention anything about the factor market stuff.

[@amygorham9668]

Thank you once again! You are a life saver!

[@alovee1234]

Thank you for this !!!!! I finally understand the concept

[@0v3rs0und]

thank you! i was so confused about this up until today :D
thank you THANK YOU!

[@rosescape2729]

This was really really helpful thank you so much!

[@arhansalunke5361]

Did anyone else notice the five changing at 0:57

[@andyjacobs7010]

Yup... I even watched that clip a few times.

[@harrisonhighland7416]

mr. clifford likes his 5s spick and span

[@nurbanu5732]

The click at the end was so cool :D

[@kre314]

that was quick and easy to understand :)

[@073diazalex]

Thank you!!! This helped so much!

[@tutorialssingh3782]

Better and best...

[@robinzong]

nice explanation

[@bongumusaclement6730]

Very helpful thank you

[@treehome4622]

Is this playlist in order?

[@NateTheGreat555]

Good stuff. Now if only I could piece this together with least cost/profit maximizing rules. I assume they're all interlinked somehow.

[@ziyeew1637]

oh! i love u, sir!!! thx a loooooottttttttt

[@axx012]

Thank you for this

[@pavelgerasimchuk1446]

Thank you SO much

[@RicardoVR]

That was awesome

[@ryanstrat1]

Thank you so much

[@noblemanivan]

Was this recorded on a 2006 Motorola Flip Phone?

[@iAmNovennial]

Why are you not my Econ teacher Q_Q

[@jamok3]

good job!

[@peterkautzer4367]

Monopsony 5.4 Micro Topic...i remember seeing this topic shared before, but now I can't find your video?

[@rithvikvakacharla3329]

Do you not have videos for Monopsony's?

[@amarushakur77]

thank you sir

[@robinzong]

thanks

[@junaidali44]

@mazza5150 Its not about Profit it about the amount of labour you hire (maximise output)

[@villner1229]

but there are some questions without price. what should i do then?

[@martianwho3870]

Why number 3 and not number 2 or 1?

[@andyjacobs7010]

Because it is MARGINAL Revenue. Not total revenue.

[@mrudulareddy2150]

Sir, what if MRP=MRC, than can that person be hired or not. Kindly clarify.

[@sheralee7195]

thank you！！！！

[@brainlesstechie5490]

So am confused and correct me if i am wrong, isnt the MRC a reflection of the total workers you have. if thats true then MRC at 1 worker will be $20, then for 2 workers will be $40 and for 3 workers should be $60. Meaning your answer should be 2. Just checked with other resources and MRC changes as your labour input changes for it to be correctly caculated. Correct me if am wrong ... am very new to these concepts.

[@saumya6136]

its marginal cost and not total cost so it wont add up..its jus for one labor

[@bzsgzs]

Oui! Oui!Oui! Oui!Oui! Oui!

[@haribostarmix7375]

omg i love you!!!!!! sooo helpful!!!!!! :DDD

[@brandonmack9945]

Thanks for saving my ass the day of my final!

[@jior6]

I once was an economist, but then I took an arrow to the knee.

[@NoahTopper]

So you could say that four workers is...too many cooks.

[@marouanedoulal2038]

2020

[@chipsniffer]

Er... Mr Clifford..... it's spelt "competitive".

[@FamilyTimer]

AC DC more like DC AC

[@emilydownton417]

wow i just realized my teacher sucks

[@lyrahazel2079]

Why you draw that haha

[@mimiworld2101]

I failed Econ!