Y2 1) Law of Diminishing Returns

Y2 1) Law of Diminishing Returns. Everything you need to know about the law of diminishing marginal returns
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Your videos got me a 92/100 in my A level economics Alhamdullilah

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Atleast now I understood this part ! I am always confused with this part and now I am having a clear view of this part ! Thank you sir ! 😊

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Can you please cover the Indifference curves part too? and how the income and substitution effects has on normal/inferior goods using the budget lines and indifference curves.

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this is the first video i've watched and its really a helpful one. thank you so much man. I was very much behind with my microeconomics. Looking forward to seeing more of your videos.

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Thank you for the clear explanation sir. Glad that I found your channel☺️

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Great video. You really brought the topic to life!

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You have saved a confusing Brian. Thank you!

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Thanks heaps! I used your video to better understand some of the behaviour seen in animals and especially birds when they feed young. This law applies to biology too, and even your own life!

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your explanation is so brief! thanks alot 🙏

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All heil Lord Dal

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I love how u explain this issue

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[@daniel-vf1ld]

perfect explanation. thanks a lot

[@starofjustice1]

So it's like when I was managing a pool store, and corporate described every single promotion they had us do as "exciting savings". And how after a couple months I would see those words in the emails, but not really notice them anymore.

[@ananthabassb3167]

Thanks for sharing. Can this logic be applied in the contact center? and how will the law of diminishing return respond to multiple factor work environment (Example: order booking fluctuation, Skill dependency working environment)

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awesome video! thank you!

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the rennaisance teacher of A levels economics

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Clearer than the books.

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how did ur minute video teach me more than my econ teacher did in two years???

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how comes there is no videos on the labour markets in the microeconomic year 2 playlist?

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Thankyou for your efforts,

[@hanvour]

I can only quickly divide up to 15 by 3 equal 5.

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Thank you so much sir

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Im very beginner in economics. Wish luck...

[@houseofthoth]

Thank You!

[@Dullanator]

My glorious econ king

[@jamesplummer5637]

Really helpful

[@UmarDoesEconomics]

great explanation using numbers dal

[@shatabdisaha1562]

Do you think that the law of diminishing returns holds every unit of labour use?

[@shubhankarkulkarni7667]

Thank you 🙌🙌🙌🙏🙏

[@safianadaf6268]

Do you have any videos on business growth by any chance ?

[@liamhoward2208]

Hello, great content! Quick question, are these economic theory's empirically proved? Or, is it just based off common sense? If so can you point me in what direction so I can read up on it? Thank you

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Nice illustration

[@myrakhan792]

And also are these videos in sequence ?

[@innocentvand]

Thnx alot

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[@10fcull44]

How does this differ from diseconomies of scale?

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[@sumanchowdhury6162]

Ap is total product divided by total inputs.btw he got X and y axis all wrong. It should be reverse. 😆

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Can someone tell me why MP cuts AP at its highest?

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Thanks

[@Alast736]

In other words, that just means there is an optimal amount of workers for a predefined working place, and a optimal amount of machines for a predefined amount of workers? if I understand correctly what factors of production are (capital, work and technological progress)

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CELL - Capital, Enterprise, Land and Labour

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[@actopzz5989]

what if the firm increases its Fixed FOP (buys more land(in this case ovens)) as it gets more labour?

[@hn6498]

For that they need more space, more land hence representing Long run. This law exists in short run, only consisting of variable costs of production.

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Do these videos cover the entire syllabus for a level economics ?

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these vids are the basics so yes!

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what board is this for?

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Is the micro year 2 playlist for AQA?

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Presumably it's a generic variation that tries to cover all of the exam boards, he has a reply below about it meeting Edexcel and International Cambridge

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The quick division ooph

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Hey, is this is also in Cambridge International Examinations (University of Cambridge) A level too?

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Yes 100%, the entire playlist is

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[@la-aihunmekashishamawiong3176]

What is the difference between the law of diminishing marginal returns and the law of diminishing marginal utility? 🤔

[@alexandrademetriou3150]

The basic ideal behind the principle of diminishing marginal utility is that the additional satisfaction a consumers gets from the consumption of one additional unit of a good or service declines as the amount of that good or service consumed rises. Here we add additional variable inputs to a fixed factor of production. This is different because at the beginning the variable input (lets say workers) increase which results to an increased marginal product due to specialisation and utilisation of fixed factors, and then when the work space is saturated each additional worker will produce less than the previous one = less marginal product is added. Hope that makes sense.

[@periwinkle2881]

@@alexandrademetriou3150 Wasn't the one asking the question but I happen to read your explanation and damn they're helpful, thanks a lot!

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Can someone here send his A-level notes?

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[@khushiarora13]

Is this in Edexcel A economics?

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Oh yes, fundamental

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What is FoB?

[@seongyunhong6579]

Its FOPs (Factors of Production)

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[@Manlikenimz]

Your calculation on marginal product is not clear at all.

[@lynnmokua]

how comes there is no videos on the labour markets in the microeconomic year 2 playlist?

[@innocentvand]

Thnx alot

[@aminaramzan8555]

👍👍