Concept

Marginal product

Related lectures (20)

Supply Elasticity and Production Factors

Explores price elasticity of supply, production factors, and optimal choices in production.

Monopsony and Imperfect Competition

Discusses monopsony, labor market dynamics, and various market structures' impact on pricing and production decisions.

Production Factors Analysis: Short vs Long Run

Analyzes production factors in short and long run, isoquants, market equilibrium, and consumer surplus.

Market Regulation: External Costs and Social Optimum

Addresses market regulation, focusing on external costs, social optimum, and the role of taxes and subsidies in achieving efficient production levels.

Untitled

Producer Profit Maximization in Microeconomics

Explores profit maximization conditions, resource variation effects, expansion paths, and state interventions in microeconomics.

State Representation and System Dynamics

Covers the representation of state-space models and system dynamics.

Industrial Impact on the Arctic

Examines the industrial impact on the Arctic region and Indigenous communities.

Optimal Abatement

Explores the optimal level of abatement to balance environmental gains and costs.

Power Flow Analysis

Covers power flow analysis, economic dispatching, and optimal power flow in electrical networks.

Linearisation of Flow

Covers the linearization of flow around a point, eigenvalues, eigenvectors, and critical points.

Individual Abatement

Delves into individual abatement strategies, emphasizing the importance of equalizing marginal costs for efficient emission reduction.

Monopoly and Market Power

Delves into monopoly, market power, price discrimination, and labor market dynamics.

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Arctic Exploration: Past and Present

Explores Arctic exploration history, from Vikings to modern decolonization efforts, highlighting challenges faced by indigenous groups.

Belief Propagation in Stochastic Block Models

Covers the application of Belief Propagation in Stochastic Block Models, focusing on simplifying the process and solving it step by step.

Demand & Supply: Understanding Economic Behavior

Explores the core principles of demand and supply in economics, including marginal benefit, willingness to pay, and market demand.

Multivariate Gaussian Laws

Explores multivariate Gaussian laws, covering probabilities, correlations, and conditional distributions in bivariate cases.

Stochastic Block Model: Community Detection

Covers the Stochastic Block Model for community detection.

Perturbation expansion and boundary conditions

Covers perturbation expansion, linearization, change of variables, and normal mode expansion in the context of boundary conditions.