Marginal demand in economics is the change in demand for a product or service in response to a specific change in its price. Normally, as prices for goods or services rise, demand falls, and conversely, as prices for goods or services fall, demand rises. A product or service for which price changes cause a relatively big change in demand is said to have elastic demand. A product or service where price changes cause a relatively small change in demand is said to have inelastic demand. (Wikipedia).
In this video we cover the idea of marginal cost. This is simply the derivative of the cost function. We can roughly define marginal cost as the cost of producing one additional item. For more videos please visit http://www.mysecretmathtutor.com
From playlist Calculus
Unit 4 - aggregate demand supply part 1
From playlist Courses and Series
Unit 2 - consumer demand part 3
From playlist Courses and Series
Unit 2 - consumer demand part 4
From playlist Courses and Series
Unit 4 - aggregate demand supply part 2
From playlist Courses and Series
Unit 2 - consumer demand part 6 u2
From playlist Courses and Series
Unit 7 - no price discrimination part 2
From playlist Courses and Series
Unit 2 - consumer demand part 5
From playlist Courses and Series
Economists and politicians always want there to be more ‘demand’ in the economy. But they ignore whether there might be better or worse kinds of demand. Please subscribe here: http://tinyurl.com/o28mut7 If you like our films take a look at our shop (we ship worldwide): http://www.theschool
From playlist WORK + CAPITALISM
Lec 14 | MIT 14.01SC Principles of Microeconomics
Lecture 14: Monopoly Instructor: Jon Gruber, 14.01 students View the complete course: http://ocw.mit.edu/14-01SCF10 License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu
From playlist MIT 14.01SC Principles of Microeconomics
MIT 14.01 Principles of Microeconomics, Fall 2018 Instructor: Prof. Jonathan Gruber View the complete course: https://ocw.mit.edu/14-01F18 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62oJSoqb4Rf-vZMGUBe59G- In this lecture, Prof. Gruber takes what the class has alre
From playlist MIT 14.01 Principles of Microeconomics, Fall 2018
Lec 18 | MIT 14.01SC Principles of Microeconomics
Lecture 18: Factor Markets Instructor: Jon Gruber, 14.01 students View the complete course: http://ocw.mit.edu/14-01SCF10 License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu
From playlist MIT 14.01SC Principles of Microeconomics
Mod-01 Lec-30 Keynesian economics
History of Economic Theory by Dr. Shivakumar, Department of Humanities and Social Sciences IIT Madras, For more details on NPTEL visit http://nptel.iitm.ac.in
From playlist IIT Madras: History of Economic Theory | CosmoLearning.org Economics
Deriving demand curve from tweaking marginal utility per dollar | Khan Academy
Seeing what happens to quantity demanded when price changes Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/choices-opp-cost-tutorial/marginal-utility-tutorial/v/budget-line?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Missed the pr
From playlist Theory of consumer choice | AP Microeconomics | Khan Academy
Unit 7 - no price discrimination part 1
From playlist Courses and Series
Lec 10 | MIT 14.01SC Principles of Microeconomics
Lecture 10: Competition I Instructor: Jon Gruber, 14.01 students View the complete course: http://ocw.mit.edu/14-01SCF10 License: Creative Commons BY-NC-SA More information at http://ocw.mit.edu/terms More courses at http://ocw.mit.edu
From playlist MIT 14.01SC Principles of Microeconomics
Marginal Analysis, Roller Coasters, Elasticity, and Van Gogh: Crash Course Economics #18
This week Jacob and Adriene teach you about marginal analysis, which you're using RIGHT NOW! The video is coming from inside the house! Or something. You'll learn how marginal analysis guides the decision making if cities, nations, companies, and amusement park enthusiasts. We'll also look
From playlist Economics
15. Input Markets I—Labor Market
MIT 14.01 Principles of Microeconomics, Fall 2018 Instructor: Prof. Jonathan Gruber View the complete course: https://ocw.mit.edu/14-01F18 YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62oJSoqb4Rf-vZMGUBe59G- This lecture covers factor markets, the markets that set th
From playlist MIT 14.01 Principles of Microeconomics, Fall 2018
Unit 2 - consumer demand part 6
From playlist Courses and Series