Marginal Analysis and Consumer Choice- Micro Topic 1.6

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5 жыл бұрын

Want to know the longest wait time? Scroll to the bottom of this description to find out.
Hey students. This video is designed to help you calculate and apply marginal utility and marginal utility per dollar. Many teachers and professors ask questions that require you to determine the utility maximizing combination with two goods. Be sure to try the practice free response question below as well as the study guides in my Ultimate Review Packet. Thanks for watching.
Practice Question with Answers: goo.gl/arwNno
Economics of Disneyland: goo.gl/xyZDuR
According to my research, the longest wait at a Disney theme park was 7 HOURS for Guardians of the Galaxy- Mission: Breakout! What do you think? Let me know.

Пікірлер: 387

@JacobAClifford 5 жыл бұрын

Guess how long the longest wait time was at a Disney theme park? The answer is in the description above.

@spoonfullanutella1620 5 жыл бұрын

I am currently studying Micro economics and your videos help me a lot to understand all the concepts I cover in school. Can you please make a video on Consumer Equilibrium?

@skyflakesbasilio8561 5 жыл бұрын

Do you have a lesson of natural resource market? & Environmental policy?

@skyflakesbasilio8561 5 жыл бұрын

Pls help ❤

@lavidaviva8014 5 жыл бұрын

Jacob Clifford Hi Dr. Clifford, I bought your review packet, but some pages in the packet I just can’t print them out, I don’t know why.

@gardenofehlesunnah5550 5 жыл бұрын

hope I had an economics teacher like you. you are the best economics teacher i ever seen

@17Koche 5 жыл бұрын

writing my economics exam tomorrow gives me -50 utils

@jaydjr.3759 4 жыл бұрын

U mean a UTIL between 90 -- 100

@sircookieknight8566 Жыл бұрын

literally

@kingofbirbs5705 5 жыл бұрын

3:18 Mr. Clifford: "This is worth at least 50 utils" Guy in the next cart: "wtf?"

@larrymee1484 5 жыл бұрын

I'm a first year Econ student and that honestly had me laughing my ass off!

@karanparajia5879 4 жыл бұрын

@@larrymee1484 same which university? 😂

@yahyamotara7590 3 жыл бұрын

@@karanparajia5879 Oxford. you?

@econmindeasyeconomics9702 3 жыл бұрын

🤔kzfaq.info/get/bejne/Zsp5Zsxzmbmaf40.html

@joemubusisi5638 3 жыл бұрын

@@yahyamotara7590 Havard

@wepranaga 5 жыл бұрын

you're so brave. talking about economics in disneyland. props 👏👏👏

@rayyanyusuf7849 5 жыл бұрын

amen

@Megaritz 2 жыл бұрын

The logistics of navigating the complicated queue system to optimize one's returns, both by the park designers and by the consumers, are also quite interesting. This is discussed in Defunctland's "FastPass" video.

@marcommwithbree547 5 жыл бұрын

I scored 93% for my assignment and test because of your videos. I love how you explain Elasticity.. lovely

@MfundoSmangaliso 2 ай бұрын

2024 and still finding his videos very much helpful

@pruthasiras7351 2 жыл бұрын

This guy is legit giving a lecture on economics while standing in a line for a disneyland ride!! Legend....

@vinayak186f3 3 жыл бұрын

He doesn't want us to forget what he teaches , such a nice guy 🥺, wish you health and success sir.

@gabrielmatthews5680 4 жыл бұрын

Your enthusiasm and creativity makes learning these concepts fun and implicitly motivates me to keep trying even if the concept is a bit challenging. So appreciative of your teaching style!

@vinnieraps 2 жыл бұрын

Man I love Jacob Clifford. Had a class with my lecturer a few weeks ago but I found it hard to understand the Marginal utility concept, been trying to study and understand it better but I still couldn't grasp it. Thanks to this video I now understand this topic. Need to take this guy to Disneyland as a reward for his lessons.

@shaanshaikh7057 11 ай бұрын

ONE OF THE BEST TEACHER I FINALLY FOUND ON KZfaq. THE WAY YOU ENCOURAGE TO VIEWER TO DO THAT FIRST IS THE MAIN RECIPE OF THIS VIDEO BECAUSE IT HELP ME TO UNDERSTAND IT MUCH BETTER

@asma7448 5 жыл бұрын

it's a blessing when I can still hear a lecture even outside of the classroom

@alexishadfield Жыл бұрын

I am so glad my techer chose to have your videos as a resource! They really help reinforce the information in an entertaining and understandable way.

@belovedromeo-pk7xj 2 ай бұрын

What a blessing we have in you. May God increase your knowledge and understanding 🙏

@lilialevkovich9246 3 жыл бұрын

imagine thinking you would spent some fun time with dad but he analyzes the rollercoaster ride... a huge thank you from the community!

@abdullahiminimire2858 5 жыл бұрын

this teacher is remarkable one that I've ever seen!

@JacobAClifford 5 жыл бұрын

Thanks Abdullahi. I appreciate it

@xt_richyoungin707 3 ай бұрын

This video is from 5 years ago but it still is relevant and helping, all your videos by the way, love your work Prof. I got enough satisfaction from this, 50 utils (in Econ language) hahaha!

@nyx_bts4992 4 жыл бұрын

I love uuu. You just saved me from being confused by 20 useless pages that can't explain this in simple terms. I was reading my book and I was so scared from this topic cuz the way it was explained was quite confusing. And I needed your 10-minute-video to understand them all

@huntergrabar3295 7 ай бұрын

your daughter was like "dad stop talking about economics the line is moving up"

@elizabethhugeback-braddock1647 3 жыл бұрын

Mr Clifford: Sweetie why are you walking so far behind me? Daughter: Because you keep yelling about utils on every ride dad!

@ifinksdereforiare 2 жыл бұрын

You explain things so succinctly and in such a fun way. Definitely one of the best economics channels!

@museyasmin 5 жыл бұрын

I wish my professor was so motivated two years ago. He still tried to give us ice cream and wine examples but that's the most exciting it got... And trust me, 4 hours with a guy who's falling asleep himself are not very informative. Now I'm writing this comment two days before my retake exam. Seriously, thank you for putting so much effort and fun into your videos!

@meem524 3 жыл бұрын

my professor didn't even bother to discuss this part and gave us this link lol HUGE THANKS to jacob for being a life saver. Your channel gives me infinity utils the day before exam

@MyZeeTube 4 жыл бұрын

I watched about 4 videos on this topic until i hit yours...literally the only person to explain it and me understand it. Thank You!!!

@janetjones6416 5 жыл бұрын

You are the best! Thank you SO much! The time and dedication you put into your videos really shows! I will recommend your videos to every person I know taking econ!

@marissasuezann6099 4 жыл бұрын

Thank you for posting this video about Economics. I understood it way better with the Disney theme park example than I did in class when it was taught to me. Economics is really hard for me and this video helped me so much!!

@leongrenyion9548 2 жыл бұрын

Technology enables us in The United States to learn access our learning and to do lectures at anywhere and anytime. Finally, I just wanted to say, this video is awesome. I learned a lot from it. Thank you to my school Broward College, Mr. Clifford, and God bless America.

@edwardwetherington7892 5 жыл бұрын

Thank you very much, Mr Jacob! Your video is much easier to understand than my Professor's lecture. The examples every time you provided to explain all concepts are awesome.

@casuallee4560 5 жыл бұрын

you just nailed it a complicated course that i take with 3 hours of lecture class and i still had no idea that my lecturer talking about with a 10 minute video!

@orangecountydas7108 2 жыл бұрын

I have subscribed because my professor uses your videos to help us understand the concepts of Macro and Micro Economics. Thank you

@ekaterinasokolskaya9342 5 жыл бұрын

OMG! You're the best! Thank you for your videos! I'm taking Microeconomics and your video help me to prepare for exams!

@bonitamalan248 5 жыл бұрын

I scored 5/7 for the test. I had some trouble understanding questions B and C. Thank you for the great videos they are a great help.

@Ardjano234 4 ай бұрын

Who else thought Jacob himself was in that rollercoaster video?

@pialourdespartoza 3 жыл бұрын

I love how you explain the theories and computations. You make the topic exciting. I just hit the subscribed button. Thanks for the videos.

@khanyalubega8329 Жыл бұрын

I love you so much man, absolutely wouldn't be this far without you. I wish you nothing but blessings and prosperity

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@AlvinGuoSubscribe 5 жыл бұрын

Aye, I completely self taught myself AP Micro in a span of like... 3 weeks using your videos and livestreams prior to the exam last year and got a 5. Thank the good lord for your vids, and I'm looking forwards to doing the same this year for macro, albeit in perhaps more than 3 weeks time.

@mat7105 5 жыл бұрын

i literally bought an "AP book" of 500 pages to prepare the test. Lowkey have been studying a whole year and i dont remember anything. Now i started watching his videos and they're 100% more effective and useful than long prep books but the ones from barron's and the princeton review work as well.

@Smeckless 5 жыл бұрын

Your videos are so helpful. I have decided to major in economics at university and look forward to using your videos to help guide me through!

@alexcantin2246 3 жыл бұрын

How is that going?

@Smeckless 3 жыл бұрын

@@alexcantin2246 hahaha sooo I was doing a 2 majors, one in Economics and one Accounting (stupid idea). I really struggled to learn economics with my lecturers not willing to go into detail about the topics. I found I was just naturally better at accounting instead and although I enjoyed economics I was spending way too much time due to the lack of teaching provided and not doing very well. So in the end i dropped economics and have nearly graduated with a very high average in accounting.

@alexcantin2246 3 жыл бұрын

@@Smeckless Congrats man that's big. If you don't mind me asking, what college do you go to? I want to make sure the schools I'm applying to have good econ teachers.

@Smeckless 3 жыл бұрын

@@alexcantin2246 Thank you!!! I go to the University of Wollongong it's in Australia but it sounds like you might be from the US so that's not really helpful to you. Anyways Im sure you'll go to a good school just do lots of research. good luck!

@alexcantin2246 3 жыл бұрын

@@Smeckless Yeah I am from the US. Either way, thank you. Good luck in accounting!

@harrisonfehn7132 2 жыл бұрын

got an econ test tmmrw and we just learned this in class, I was so lost but your vid helped A LOT. got 100% on your practice questions. THANKSSS

@elysegriffith9232 2 жыл бұрын

Bless you! You are doing everything I wish my professor would do!

@zacharychristian6436 5 жыл бұрын

Man I went to my college lecture on this, read the chapter, and looked over the powerpoint and still had a shaky understanding of this concept. But after I watched this 10min video I got it intestinally. Thank you!

@jewelforgenie7115 4 жыл бұрын

Same this video is gonna make me pass😅

@javiervalencia4460 5 жыл бұрын

This guy is the reason i pass my eco exams i love you

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Your video are awesome ! Such clarity I got about the questions, just too good.

@oliviadavidson1891 4 жыл бұрын

I wish this mans was my father. Truly makes Econ fun and is a great teacher

@fakorte179 5 жыл бұрын

How can you make microeconomics this interesting? You're awesome!!! Thank you!!!!

@rashmiyasora1523 2 жыл бұрын

Why I haven't found your videos before.😭 Such an amazing teacher💜️

@saramago5759 5 жыл бұрын

Such a great teacher you are !

@onchudazhao436 4 жыл бұрын

Omg thank you so much!! Ur video keep me alive over the exam

@erickpeterson6030 5 жыл бұрын

Great video Jacob. I teach Principles at the community college level and your videos are an awesome resource.

@mz5403 5 жыл бұрын

Bro like who isn't subscribed to this dude, he is hilarious and very helpful in teaching economics. *******

@iiii1450 4 жыл бұрын

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thank you so much you helped me a lot to understand economics 🙏🏼

@panashevengesai223 5 жыл бұрын

I LOVE YOU MR C...Wish i'd met you sooner...you actually make learning fun

@PKPS01238 5 жыл бұрын

Wanted to say thank you! I got a double 5 because of you, Professor Clifford!

@abdelseyBOMB 5 жыл бұрын

such a great explanation !!

@desreeisibor5855 4 жыл бұрын

nahhh ! you inspire me!!! YOUR ENTHUSIASM GETS ME!!!

@LooNciFeRx 4 жыл бұрын

You are really good at explaining!

@michellemarie6581 4 жыл бұрын

Honestly such a huge help. Textbooks never explain it as simply as this! You are great!!!

@WinnieTan-is9of 2 ай бұрын

dude i love your teaching thank u for existing

@vishwashmishra1823 5 жыл бұрын

You make economics look so easy sir. It Was a great video.

@Tylermatt1991 5 жыл бұрын

I benefited more on this video than my first 5 classes in Microeconomics

@rsadsultanov3071 4 жыл бұрын

Been first video that did not understand anything)). But,you are still my hero that rely on you more than everyone🖤🤩

@zach7559 5 жыл бұрын

Already passed Micro and Macro but I'm still watching your videos :) Keep it up!!

@YNZADistributors 5 жыл бұрын

You make Micro fun ! thanks for the test - got 7/7

@triciavergara2774 4 жыл бұрын

Scored 99% because of your vids. Got only pne mistake which wasn't included in the lesson. Super thanks

@user-gv7ec7tp1y 5 жыл бұрын

you help me alot for my exam that i have today i really like to see your channel....ur the best💗💗💗

@tasmiahkhan3125 3 жыл бұрын

THIS TEACHER IS BASICALLY THE GOD OF ECONOMICS!

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Great material. I used it to study for my test. Maryland

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This guys should have millions of followers he’s really good

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Thanks for the video. Great content as expected.

@zanelemofikoe2374 5 жыл бұрын

Thank you so so much, writing an exam tomorrow - and this makes so much sense

@Sketchylemons 4 жыл бұрын

you are a gift to humanity

@robiyausmanova6444 3 жыл бұрын

Thanks a lot Mr Clifford! Video and practice question was very helpful.

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Your videos have saved my grades this year. Thank you!! Your an amazing teacher!

@9azzz503 5 жыл бұрын

Wow man, am studying Econ and got a lot confuses. After watched your video, everything become easier and make sense!!! Nice illustrator.

@mario0riam795 2 жыл бұрын

Thanks for the video man. Really helpful!

@niattesfay6086 4 жыл бұрын

your lectures are amazing

@laisdrumond5461 3 жыл бұрын

nice class, liked the connection with the disneyland, guineas records

@titichayamakird6443 4 жыл бұрын

U r the best economic teacher #i watching from Thailnad💓

@ainaamupala Ай бұрын

you really got me when you said the total utility was 538 and I got 290

@Stuffingsalad 5 жыл бұрын

I kind of understood this before but now even more. This vid is baller

@amelss3 5 жыл бұрын

Thank you for this video. My managerial Econ. Professor is kinda dull when he explains these concepts. I usually zone out in class. Amel from Saudi 🙏🏼🙏🏼🙏🏼

@kelebogilemokoka5617 2 жыл бұрын

Best Economics teacher!!

@richie1398 3 жыл бұрын

Honestly man I appreciate you so so so much.

@suessongs7394 4 жыл бұрын

I love you, and all of my student's watch your videos, however, I am NEVER going to Disneyland with YOU! :)

@sach_v8360 Жыл бұрын

Thank you so much these videos are so valuable .....❤️

@vipbb4659 5 жыл бұрын

Thank you so much for making these videos!

@assil110 2 жыл бұрын

Mux/px = Mux/py is the FOC when you are maximization a continuous utility function, but when we are in a discrete world, it is not always true. You can end up optimally choosing x units of good X and y units of Good Y, where Mux/px and Mux/py are different, yet you are still choosing the first best solution!

@EN-wd9yu 3 жыл бұрын

I've never subscribed that fast to a youtube channel before.

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I really enjoy your video's. you give great information.

@marystepanovakt 4 жыл бұрын

Jacob, than you so much, I started loving economics)

@pgmc9441 3 жыл бұрын

Great explanations. Thanks a lot!

@besaru5103 Жыл бұрын

Sir, you are a true legend. My respects to you!

@hudanur1707 7 ай бұрын

Can you explain question d, please ? because when the combination 3 units of x and 4 units of y, MUx/Px does not equal to MUy/Py

@theresagallo4821 2 жыл бұрын

thank you for all your help!

@dead2675 5 жыл бұрын

At First terminal exams I got 6 in Economics and in second term I found you and I got 44 and tomorrow I have third term and I hope I will pass it

@abdullahmunir4359 3 жыл бұрын

youre the coolest teacher everrrrr!!!!!!

@user-vz3yd1sm3s 3 жыл бұрын

I love you teacher you’re make me laughing and I always talking about you to my friends, you’re better than my teacher who teaches me the microelectronic at KAU in Saudi Arabia 🇸🇦