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Пікірлер
@romeokodi9868 6 күн бұрын
I am confused with the dominant for don
@econhelp_official 5 күн бұрын
Don does not have a dominant strategy. His best response changes when Mike changes his action. Does that help?
@LucyLucywhereareyou 8 күн бұрын
Thank you for the video! so why is mr steeper than ar?
@econhelp_official 7 күн бұрын
I'm not sure how to think about this is terms of slope. Here's an initial thought: what we want to explain is that the MR is not only less than AR, but increasingly so. This will give us the steeper slope. From this perspective, the answer may well be "because the price decreases": - as we increase quantity, the additional revenue we get from that additional quantity, gets smaller and smaller because the price we get for that additional unit gets smaller and smaller. Thus we get MR steeper (below our demand and increasinly the gap gets wider). Does that help? Another way to think about it is with elasticities and connecting it with the TR curve, but I'm not sure if that helps.
@LucyLucywhereareyou 7 күн бұрын
@@econhelp_official okok, thank you. From all the other videos I have watched, they have only proved it mathematically, so I was wandering if there is an actual explanation to it haha.
@econhelp_official 7 күн бұрын
Yeah it's a good question, I hadn't thought about it in terms of the slope. I think it's really good to see this through the elasticities as well, that gets to the issue in another way. In the top half of the curve we go from perfectly elastic to unit elastic. This means that increasingly, as we decrease the price, the demand gets less responsive to changes in price (quantity does not change so dramatically given a decrease in the price). I'm pretty sure I go through that here: kzfaq.info/get/bejne/q8enndKg0ODXZI0.html... So then we link it all to the hump shaped TR curve. Another way to think about it is that MR can't ever be flatter than AR (otherwise at some point MR will become greater than AR, which we know from this video can't be true). So then the question is, why isn't it just the same slope? Well... the price is decreasing. each time we increase q, that part of MR that increases (because we sell one more unit) is getting smaller and smaller (since price decreases) so MR gets smaller more quickly (i.e. it is steep). ... I hope that makes sense, it's actually hard to articulate! :)
@LucyLucywhereareyou 3 күн бұрын
@@econhelp_official omg that was really helpful. thank you!
@WANAMIERANUHABINTIWANMOHDSUHAI 8 күн бұрын
it really helps me tysm wish me luck for my final exam
@markmohammed1405 10 күн бұрын
u are the best!!!!
@econhelp_official 7 күн бұрын
You are! xx
@nousername4125 10 күн бұрын
helps a lot !
@pluralidad 23 күн бұрын
so sweet explanation hahaha
@econhelp_official 7 күн бұрын
Thank you! 😃
@aish28 26 күн бұрын
I've been trying to understand this for the past two years and this just told me everything I needed to know. Thank you!
@econhelp_official 7 күн бұрын
You're so welcome! Good luck!!
@pinkqueenprincessbowbaby8765 Ай бұрын
YES! I have been so confused and genuinely nothing has been able to help. This video did it queen, keep slaying miss econhelp
@MJPerformance88 Ай бұрын
That helps!! Thank you.
@MJPerformance88 Ай бұрын
Connecting S to the Qs is a helpful explanation. Thank you.
@MJPerformance88 Ай бұрын
Amazing!
@econhelp_official Ай бұрын
You are! ❤️
@MJPerformance88 Ай бұрын
@@econhelp_official Thank you ❤
@khejukejriwal187 Ай бұрын
Thanks for this
@econhelp_official Ай бұрын
Any time! Thanks for the comment!
@StudyJoe-sy2tx Ай бұрын
Subbed
@StudyJoe-sy2tx Ай бұрын
Superb!!!
@econhelp_official Ай бұрын
Thank you! Cheers! I appreciate it!
@CeciliaAramini Ай бұрын
thank you!!!!!!!!!!!!!!
@econhelp_official Ай бұрын
You're welcome! ❤️❤️
@amg3982 Ай бұрын
Amazing mam you clear the concept with in 9 minute. Love you ❤and love from India 🇮🇳
@econhelp_official Ай бұрын
Love back from Australia!! ❤️❤️❤️
@stefaniacalvia5123 Ай бұрын
Thank you so very much
@econhelp_official Ай бұрын
Thanks for the comment you are very welcome!
@destynimowery4339 Ай бұрын
I have been so confused on this concept and this cleared it up, thank you so much
@econhelp_official Ай бұрын
Glad it was helpful! ❤️❤️
@AnkitKumar-hy3qu Ай бұрын
Excellent 👌👌
@econhelp_official Ай бұрын
Thank you! Cheers!❤️😊
@ishmamtasdik Ай бұрын
2:20
@DhiyaArun Ай бұрын
this video helped me sooo much, thank you!
@econhelp_official Ай бұрын
Glad it helped! ❤️😊
@potofcandies 2 ай бұрын
Great video but is there a difference between productive efficiency in the long run vs productive efficiency in the short run? Is a firm that produces at the min of srac productively efficient in short run while a firm that produces on any point on lrac is productively efficient in the long run?
@econhelp_official 2 ай бұрын
Really good question, I find this stuff really difficult. Some texts identify productive efficiency with technical efficiency, some use a broader definition (I think… it’s so confusing), so even on definitions alone I find this area problematic. Best to ask your teacher/ check textbook. In my experience more advanced texts take LR equilibrium to be at min LRAC, and this is what it is to be productively efficient. More beginner texts don’t seem to differentiate between LRAC and SRAC, they just say P= min AC in the LR, and they sometimes say this is productive efficiency… hope this helps, sorry I don’t know the proper answer!
@user-uh1qt5rp5p 2 ай бұрын
Well, I am preparing for my final exam and your video just helps me understand a concept that has bothered me for a long time. Thanks a lot.
@econhelp_official Ай бұрын
Awwww cool I hope you did well!! ❤️❤️
@unaisiodu5984 2 ай бұрын
Thank you for this I have my A-level macro exam tomorrow and this explained the concept so well
@econhelp_official Ай бұрын
Glad it was helpful! Good luck with your exams I hope you did well ❤️👍
2 ай бұрын
Great video ❤
@econhelp_official Ай бұрын
Thank you!! ❤️
@christinewhittaker1211 2 ай бұрын
This really helped me put it all together....thank you!!!
@subhrajitchakraborty8170 2 ай бұрын
Thaaank you ma'am, it really helps a lot 🥺🔥
@atakanozkan2295 2 ай бұрын
Thank you so much
@varsityStudyGuides 2 ай бұрын
Great🎉 playlist I'd forgotten most of these rules
@Jorge-vv5po 2 ай бұрын
thanks
@GabrielleRiscica 2 ай бұрын
Thank you so much for your content. I am very grateful that you have made these helpful videos that are easy to understand and enable me to grasp complicated concepts. They have been a great aid in my university studies. Keep up the awesome work, thanks again.
@Jay_Hammer 2 ай бұрын
Thanks this helped a lot
@LachlanWilcox 2 ай бұрын
Hey really needing help with this one. What happens when input costs increase in this exact situation
@arikatz123 2 ай бұрын
This is great thank you
@Ok-li6mg 2 ай бұрын
THANK U SO MUCH THIS IS THE ONLY TOPIC I STRUGGLED THIS MUCH TO UNDERSTAND
@choco_krispies2 2 ай бұрын
THANK YOU!! Great explanation👏
@econhelp_official 2 ай бұрын
You're very welcome! Thanks for the comment and good luck with your studies!!
@andrewkibel2048 2 ай бұрын
This was very helpful in preparation for the AP exam, thank you!
@econhelp_official 2 ай бұрын
You're very welcome! Thanks for letting me know, good luck with the AP :)
@Hz1up 2 ай бұрын
this was very helpful, thank you so much
@econhelp_official 2 ай бұрын
You're very welcome! Thanks for the comment and good luck with your studies!!
@eternallife9301 3 ай бұрын
Mam please solve some questions from an exam held in India IIT JAM economics please 🙏🙏
@econhelp_official 2 ай бұрын
Hello! I had a little look at one past paper. I will try to go through some in the future. Thank you for the comment and letting me know about the exam!
@eternallife9301 2 ай бұрын
@@econhelp_official Thank you mam for considering my voice 🙂
@econhelp_official Ай бұрын
Hi @eternallife9301, I had a look at some of the past papers and the questions were very interesting and actually very cool for me to sit down and try to figure out. Because these topics are a bit different from my current library of topics I have videos on, it will take me a little while to get to do videos on them. Unfortunately at the moment I have very little time (I have an energetic toddler) and because of this I'm just doing relatively easy videos that are quick for me. So the videos probably won't be quick enough to be useful for you. Given this though, please feel free to e-mail me ([email protected]) in the mean time with any specific questions, and I can try to explain things via e-mail. Sorry I couldn't be quicker with the videos!!
@eternallife9301 Ай бұрын
@@econhelp_official hmm😊 thanks mam for kindness 😍, in which topics or questions I'll face difficulty I'll try to reach you. Once again thanks mam😊
@danielsaunders4058 3 ай бұрын
thank you
@econhelp_official 2 ай бұрын
You're welcome! good luck with your studies!
@tubagusdaffaxi1216 3 ай бұрын
Thank you very much from Kyoto. Your explanation is very easy to understand😄
@econhelp_official 2 ай бұрын
I'm so glad! Thanks for letting me know, and good luck with your studies 👍👍
@iftikharhabib5548 3 ай бұрын
Hi. I am from Pakistan and I love your videos and style of explanation. Please be kind to share your email here so I can write to you for some querries. Would be very kind of you.
@econhelp_official 3 ай бұрын
Thank you so much! [email protected] :)
@PlesKaikai 3 ай бұрын
You are the best economics teacher
@econhelp_official 2 ай бұрын
Aw you're so nice!!! Thanks for the comment, good luck with your studies 👍❤️
@swarnangidash9848 3 ай бұрын
So glad I found your video. Really helped me a lot. Thanks a ton. You earned a new subscriber. Keep making more such videos.
@econhelp_official 2 ай бұрын
Thanks for the sub and the encouragement!! I'm so happy to help and so glad you like my content! ❤️
@qadirymohammad6644 3 ай бұрын
Thank you a lot. Your lessons are completely comprehensive. Clearly we can't find this kind of lessons in any textbook.❤
@econhelp_official 2 ай бұрын
You are welcome! The textbooks can be so confusing! I remember this from when I started studying economics. Good luck with your studies :)
@FrankDaniel-ox7xv 3 ай бұрын
It is straight forward but at the end I got confused
@econhelp_official 3 ай бұрын
the bit about the slope?
@tvantrinh 3 ай бұрын
thank you !
@Ayushicharan19 3 ай бұрын
Can you please make a video on algebraic geometric analysis of integrated model...... please.....and thank you for this video ❤❤
@econhelp_official 3 ай бұрын
I’m not sure what that is! 😂😂 feel free to send me an email: [email protected] with textbook or other material I can have a look. 👍
@Ayushicharan19 3 ай бұрын
@@econhelp_official thank you so much ma'am
@lonwabisogaveni6928 3 ай бұрын
GUrrrrl you saved my life, god blesssssss! love you..
@POTIPHERHUSSEIN 3 ай бұрын
Great