Calculus Proof of the Theory of Production
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- Опубліковано 7 гру 2011
- Visual explanation of production theory and the relationship between marginal product and average product. The video includes the calculus proof as well.
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Brian Sibusiso Mahlangu-Somakhawula You are very welcome. So what you are saying is your book sucks or "MyBookSucks.Com"
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thanks - OU course I'm doing started at Marginal Product with no background explanation - this helped! (y)
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i ALMOST understood everything but i have a few doubts mentioned below:
1 why is L=1?
2 why is MP= Q'(L)? how is MP the first derivative of TP?
thank you.
I left the video when he said derivative. No calculus for me.
g(x)=L
g'(x)= g(x)/x
g'(x)= L/L=1
without at least a multiplier, the derivative always becomes 0 or 1.
Marginal product literally means the change in productivity for an small increment in labor.
MP means change total productivity due to change in labour so why it's d(Q)/d(l) , where d ∆Is small changes ।now when we derivate something we write it f'x or dy/dX
Take here labour or L=x respect of which Q(in usal derivation y) is changing so MP =f'L ।
@@Sheeshening thanks dada , this was my confusion which has been solved out today 💙💙
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