Marginal Analysis, Roller Coasters, Elasticity, and Van Gogh: Crash Course Econ #18
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Date: 2022-04-04
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Comments and reviews: 10
Fang
Crash Course Microeconomics: Diminishing marginal utility - the concept whereby the cost to build an additional resource (e. g. a park) remains the same, while it's benefit reduces with each instance if that resource (e. g. the first park in a city massively increases population happiness far more than the 53rd park. -
Me: Oh! DimRes, like in World of Warcraft - diminishing returns, where if you keep spamming glyphed faerie fire against the same target, the same silencing effect gets less and less efficient until it does basically nothing? -
Crash Course Microeconomics: I mean, I guess. You massive nerd.
Yes yes, I'm aware CC would never use -you massive nerd- in an even remotely derisive manner. I just really love that my years of gaming are currently really helping me in my management accounting certificate. It makes me a specific kind of happy!
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Crash Course Microeconomics: Diminishing marginal utility - the concept whereby the cost to build an additional resource (e. g. a park) remains the same, while it's benefit reduces with each instance if that resource (e. g. the first park in a city massively increases population happiness far more than the 53rd park. -
Me: Oh! DimRes, like in World of Warcraft - diminishing returns, where if you keep spamming glyphed faerie fire against the same target, the same silencing effect gets less and less efficient until it does basically nothing? -
Crash Course Microeconomics: I mean, I guess. You massive nerd.
Yes yes, I'm aware CC would never use -you massive nerd- in an even remotely derisive manner. I just really love that my years of gaming are currently really helping me in my management accounting certificate. It makes me a specific kind of happy!
reply
The
7: 00
Not to mention the fact that the diamond supply is being artificially restricted by companies. Diamonds aren't rare jewels, they're actually kind of common. Companies just make it really hard to get them.
8: 49
Vegetable oil will work just fine with very little damage to your engine, but you'd have to be really desperate.
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7: 00
Not to mention the fact that the diamond supply is being artificially restricted by companies. Diamonds aren't rare jewels, they're actually kind of common. Companies just make it really hard to get them.
8: 49
Vegetable oil will work just fine with very little damage to your engine, but you'd have to be really desperate.
reply
Mangito
Mmm. This makes me think about teacher's payments and the now essential workers. They're essential, teachers help educate, which helps diminish poverty, essential workers keep our world running. The discussion of their payment has been ongoing for a long time and now more than ever
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Mmm. This makes me think about teacher's payments and the now essential workers. They're essential, teachers help educate, which helps diminish poverty, essential workers keep our world running. The discussion of their payment has been ongoing for a long time and now more than ever
reply
Ангелина
I-ve been struggling to understand elasticity for the whole time of getting my degree and you explained it so easy in 12 minutes
Feel like going to my Uni accountant and demanding my money back tf
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I-ve been struggling to understand elasticity for the whole time of getting my degree and you explained it so easy in 12 minutes
Feel like going to my Uni accountant and demanding my money back tf
reply
ray1983able
Marginal Analysis, Law of diminishing marginal utility, Utils - Discount deals, Law of supply, Diamond water paradox, Relative scarsity, Substitution effect, Elasticity of demand, Relativly inelastic.
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Marginal Analysis, Law of diminishing marginal utility, Utils - Discount deals, Law of supply, Diamond water paradox, Relative scarsity, Substitution effect, Elasticity of demand, Relativly inelastic.
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Man
I think you guys made a mistake. The pes is not determined by how steep it is but where the origin is. Every supply curve you've shown in the video is unitary elastic because it starts from the origin.
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I think you guys made a mistake. The pes is not determined by how steep it is but where the origin is. Every supply curve you've shown in the video is unitary elastic because it starts from the origin.
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clarice
-there is no substitute for my 5 cups of coffee in the morning-
I get you girl, but tea is another substitute, milk? fruit juice?
I get that your sleepy but coffee is not healthy for you
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-there is no substitute for my 5 cups of coffee in the morning-
I get you girl, but tea is another substitute, milk? fruit juice?
I get that your sleepy but coffee is not healthy for you
reply
Rehan
This is Rehan.
I ve just watched your video.
I came across very very best n elaborative way of describing the microeconomics basic principles in easy n polite way.
Thanks again
reply
This is Rehan.
I ve just watched your video.
I came across very very best n elaborative way of describing the microeconomics basic principles in easy n polite way.
Thanks again
reply
Jakub
7. 00 I feel they forgot about the fact you just can't overprice water. If you would charge a lot for water, people would riot. Which actuallyt happened at least few times in history
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7. 00 I feel they forgot about the fact you just can't overprice water. If you would charge a lot for water, people would riot. Which actuallyt happened at least few times in history
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Potato
How to solve this B(Q) = 20Q -2Q-2 and the corresponding total cost is C(Q) =4 +2Q-2 so that MB(Q) = 20 - 4-2 and MC(Q)=4Q.
What is total benefit when Q = 2? Q=10?
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How to solve this B(Q) = 20Q -2Q-2 and the corresponding total cost is C(Q) =4 +2Q-2 so that MB(Q) = 20 - 4-2 and MC(Q)=4Q.
What is total benefit when Q = 2? Q=10?
reply
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