Author thumbnail

Economics in Many Lessons

Production and Cost

37,026 views
35 items
Last updated on Oct 7, 2022
public playlist
Short-Run Production: Marginal Product and Average Product
11:00
Production: Perfect Substitutes
10:50
Production: Perfect Complements/Fixed Proportions
7:41
Economics: Short-run Costs of Production
6:36
Short-Run Costs of Production: Numerical Examples
7:23
Deriving Long-Run Total Cost and Average Cost Equations
10:45
Elasticity of Substitution: CES Production Function
10:54
Elasticity of Substitution in Production: Cobb-Douglas
9:06
Deriving Short-run Cost Functions from a Cobb-Douglas Production Function
8:06
production theory: cost-minimizing input choice (optimal input mix)
11:10
Deriving the Long-Run Expansion Path
2:41
Total Product (Cubic Form): Solving for Marginal Product and Maximum Output
4:53
Total Product: Finding Where Diminishing Returns to Labor Set In
2:37
Derive an Equation for an Isoquant
4:30
How to Derive Long-Run Average Cost from Production Function
5:05
How to Determine Returns to Scale: Table-Type Problem
3:04
Proof: Average Product is Maximized When AP = MP
2:24
Perfect Substitutes Production Function: Homogeneous to Degree 1
2:02
Deriving Long-Run Costs From Perfect Complements Production Function
3:06
Finding where Average Cost Equals Marginal Cost
5:14
Solving for the Marginal Cost of Producing a Given Level of Output
4:36
Fixed Proportions Production: How to Graph Isoquants
7:27
Perfect Substitute Production: How to Graph an Isoquant
6:59
Intrepeting Lambda from Lagrangian Cost Minimization
3:30
How to Derive Short-Run Cost Functions
5:09
How to Solve for the Long Run Expansion Path
3:52
How to Derive Short-Run and Long-Run Average Cost
5:20
Similarities Between Consumer and Production Theory
8:58
Wage Change: Effect on Marginal Cost and Average Variable Cost
2:42
Minimizing Production Cost Problem: q = min(x + 4y, w + 2z)
3:38
How to Derive Short-Run Costs From Production Function with Two Variable Inputs
6:09
How to Derive a Cobb-Douglas Cost Function
4:21
How to Solve for Cost-Minimizing Capital-Labor Ratio
5:15
How to Derive a Cost Function From a Perfect Complements Production Function
2:49