So helpful during my a-levels even though i didn't take the exam (2020 graduate) the knowledge i gained is really helpful now for my econ module at uni! Coming back to these to clear things up - best teacher!
THIS IS THE CLEAREST VIDEO I'VE EVER SEEN IN MY LIFE EXPLAINING LONG RUN AND SHORT RUN AND SCALING I UNDERSTAND ECONOMIES OF SCALE PERFECTLY NOW GREAT JOB ECONDALPLUS
Economies of scale is when long-run average cost decreases as a firm expand. Returns to Scale is how much output changes in response to changes in inputs. Bit late but there ya go (:
for the first level of output- 3000, he added the capital and labor taken to produce in order to calculate total inputs used (150 Labor and 20 Capital= 170 total inputs he did the same for the 2nd level of output as well-7500 (300 Labor and 40 Capital= 340 total inputs) then he got the percentage change in inputs (the difference between the total inputs divided by the original/previous input level into 100) (340 -170= 170 (the difference)/170 x 100= 100) 100 is the % change in input level for output 7500-3000=4500 (difference in the first two output levels) to get percentage change divide the difference by the original output level into 100 (4500/3000 x 100)= 150 is the % change in output level. Hope this helped :)
Best video on Economies of Scale😔🙏🏽I literally didn't understand the topic and knew everything at the end of this video. In just 7 MINUTES!!! 🔥 🔥 🔥
So helpful during my a-levels even though i didn't take the exam (2020 graduate) the knowledge i gained is really helpful now for my econ module at uni! Coming back to these to clear things up - best teacher!
What are you studying/ did you study?
You are an excellent teacher.. 👏👏👏..... Your teaching is crystal clear.
You're the reason why I got an A* for cons unit 3
THIS IS THE CLEAREST VIDEO I'VE EVER SEEN IN MY LIFE EXPLAINING LONG RUN AND SHORT RUN AND SCALING I UNDERSTAND ECONOMIES OF SCALE PERFECTLY NOW GREAT JOB ECONDALPLUS
Brilliant, thank you for putting this detailed explanation for free. Bless you
Seriously underrated!Thank you
U revised for exam?
I wish you were my teacher irl
Irl?
@@shrutiupadhyay5013 In real Life*
Got so confused in school lesson, but finally understand it in your video!!!
Thank you very much. Well enough explanation. Better than my actual teacher.👍👍👍👍👍👍. Hoping and full confidence to get A grade.🙂🙂🙂🙂
Thank you so much ❤️ you are the best economics teacher I've seen.
very clear on point! way much better than any other videos I have seen before.
pause at 0:00, when you open the exam paper and nothing you revised is on there
this made my day
Euan Scott hahahahahahahagagahaggahahahahahahahahahahahHahahahhaahahahahabahahhaahhaahhaa
🤣🤣🤣
does not work for me(((
LOL
finally!!! a video that makes sense.
THANK YOU
Greatly Explained
👌👌
thankyou again Dal! really well explained this
Easiest Explanation! Your accent is American and you have Kalawa in your hand. Jai Shree Ram guru ji! Nice Explanation thank you
Best teacher ever
Excellent video. You're a legend Dal
May I know what is the difference between Economies of Scale and Returns to Scale?
Economies of scale is when long-run average cost decreases as a firm expand. Returns to Scale is how much output changes in response to changes in inputs.
Bit late but there ya go (:
Can you please make a video on why/how LRAC curve is derived from SRAC curves? Please !!
LRAC is the minimum line of all the SRAC's
ua-cam.com/video/URIjtaP6SPk/v-deo.html if youre still confused
I love u... my teacher could never.
very good explaining skills, detailed knowledge. do u have IB economics year 1 & year 2 chapter wise videos list to go thru ?
u a real g
Thanks teacher
You are helping us alot 👏👏☇☇🔥🔥
I love you Dal !!!!!
YOUR SO HELPFUL
superb!!
very helpful thank you !!
Thank you so much Sir
Thank you sooo much
Thank you sooo sooo much sir
i LOVE YOUR VIDEOS
How to get the %∆ inputs and outputs?
Sir in case Constant return LAC curve is which shaped
Thank youuuuu
How do you get percentage change in Input amd and output in the table?
did you find out?
THANKYOOOOOU
Trims doings bits still come on family
YOUR SO CLEVER
I can't understand how to calculating % of input,And output
for the first level of output- 3000,
he added the capital and labor taken to produce in order to calculate total inputs used (150 Labor and 20 Capital= 170 total inputs
he did the same for the 2nd level of output as well-7500
(300 Labor and 40 Capital= 340 total inputs)
then he got the percentage change in inputs (the difference between the total inputs divided by the original/previous input level into 100)
(340 -170= 170 (the difference)/170 x 100= 100)
100 is the % change in input level
for output
7500-3000=4500 (difference in the first two output levels)
to get percentage change
divide the difference by the original output level into 100
(4500/3000 x 100)= 150 is the % change in output level.
Hope this helped :)
What numbers is he reading?
Bruh. 03:30 Like I'm really enjoying the lesson but wth is going on there?
Are you Indian??
british indian