Search results “Product function analysis”

Class 12 microeconomics...
Production function...
Types of production function....
difference between short run and long run production function
Types of products...
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Link for the previous video(video 19)
Numerical problems of elasticity of demand(Class 12 microeconomics) economics on your tips video 19 - YouTube
https://www.youtube.com/watch?v=0cJZZjiYcr4
Link for the next video(video 21)
Class 12 microeconomics(law of variable proportion,return to a factor)economics on your tips video21 - YouTube
https://www.youtube.com/watch?v=uSYPksuVkhM&t=25s

Views: 550039
Economics on your tips

Introduction to Production Function, Learn Theory of Production, what is Production? Production Function? Law of Variable Proportion, Returns to Scale, Producers Equilibrium, Economics & Diseconomies of Scale. For Details Visit https://www.meraskill.com/ca-cpt/economics/theory-of-production
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our other chapters in this series
Accounts by Sheela Madam
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Views: 46085
Mera Skill

Eaisy economics

Views: 18687
Easy Economics

Managerial Economics; Management;
Theory of Production | Production Function | Long Run | Short Run;
Introduction 00:00:00- 00:00:33
What is Profit? 00:00:34- 00:02:35
*How to calculate profit?
*Relation between total cost and profit
The Decision-Making areas of a Firm 00:02:36- 00:03:50
-Achieve minimum cost of production
- Output and quantity of inputs
- Technology and cost of production
- Least- cost combination of inputs
- Rate and return and the number of plants (technology constant)
Meaning of Production 00:03:51- 00:10:48
*Basic concepts in production
-Input and output
- Fixed and variable inputs
- Long run and short run
*Various inputs of production process
*How to differentiate short run, long run and very long run production?
Production Function 00:10:49- 00:14:35
*Relationship between input and output
*What is a production function?
*Simplification of production function
Conclusion 00:14:36- 00:14:56
Video by Edupedia World (www.edupediaworld.com); Free Online Education;
Click here for more videos on Managerial Economics;
All Rights Reserved.

Views: 39467
Edupedia World

In this video, I talk about how to analyze a function using its first and second derivative.

Views: 496
Loomis Math

In this video I explain the costs of production including fixed costs, variable costs, total cost, and marginal cost. Make sure that you know how to calculate the per unit costs: AVC, AFC, and ATC. Let me know what you think and please subscribe.
Get the Ultimate Review Packet
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Next video-drawing the cost curves
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Views: 873518
Jacob Clifford

This calculus video tutorial provides a summary of the techniques of curve sketching. It shows you how to graph polynomials, rational functions with horizontal & vertical asymptotes and square roots using the first derivative and the second derivative of the functions. This video contains plenty of examples and practice problems for you to work on.
Here is a list of topics.
1. Summary of Curve Sketching
2. Increasing and Decreasing Functions - First Derivative
3. Local & Relative Maximum and Minimums - First Derivative Test
4. Critical Points & Inflection Points
5. Concavity - Concave up and Concave Down Curves - Second Derivative is Positive & Negative
6. Graphing Polynomial Functions
7. Sketching Rational Functions With Horizontal and Vertical Asymptotes
8. Curve Sketching with Square Root Functions
9. Techniques of Differentiation - Power Rule, Product Rule, Quotient Rule, and Chain Rule

Views: 79321
The Organic Chemistry Tutor

Learn more: http://www.policonomics.com/production/
Spanish version: https://youtu.be/emwWbFyW8JI
This video explains how the production function can be built in order to analyse it. We start by explaining the main characteristics of production functions, then show its relationship with returns to scale and, finally, introduce the concept of isoquants.
Related videos:
-Isoquants: https://www.youtube.com/watch?v=xKUP1...
-MRTS: https://www.youtube.com/watch?v=LY5fX...
Related articles:
-Returns to scale: http://www.policonomics.com/returns-t...
-Isoquants: http://www.policonomics.com/isoquant/
Thank you for watching!
http://www.policonomics.com
Learn, and enjoy!

Views: 76132
Policonomics

Beiersdorf uses LCA to assess and reduce the environmental impact associated with all stages of a product’s life-cycle. The model we use considers inputs and impacts across raw materials, our own production processes, transportation, product use, recycling and Disposal. The results we get from our LCAs allow us to identify opportunities to bring more environmentally-friendly products to the markets and make progress towards our 2020 commitment.

Views: 28750
BeiersdorfChannel

This video shows how to solve for the firm's maximum level of output if given the firm's short-run production function or total product of labor function.

Views: 98
1sportingclays

Learn to Multiply Two or More Functions - Learn Relations and Functions in Mathematics

Views: 1851
IMA Videos

The Lambert relation/function is used in many mathematical models. Watch what the master John Gabriel does with his New Calculus.

Views: 629
John Gabriel

Explanation of the math analysis functions on the DM3000 series digital multimeter. These include the Math, Trend and Histogram views.
DM3000 series product page: https://www.rigolna.com/products/digital-multimeters/dm3000/

Views: 544
RigolTech

In this video I explain how the production possibilities curve (PPC) shows scarcity, trade-offs, opportunity cost, and efficiency. This is the first graph you are going to learn in your economics class. Thanks for watching. Please subscribe.
If you need more help, check out the Ultimate Review Packet
http://www.acdcecon.com/#!review-packet/czji

Views: 994771
Jacob Clifford

This video works through an example of calculating a cost function using both High Low analysis as well as a scatter plot to obtain the cost function.
0:00 High Low analysis
8:43 Regression analysis using scatterplot

Views: 12972
drdavebond

In this video, I show a basic example of computing the convolution of two functions.

Views: 22006
patrickJMT

Download file: http://people.highline.edu/mgirvin/excelisfun.htm Scroll to down to PowerPivot Section.
See how to create 9 different DAX functions or Calculated Fields
1. (00:08 min mark) Overview of Reports we need to create
2. (01:05 min mark) Calculated Fields Overview
3. (01:58 min mark) Calculated Column For Net Revenue using ROUND and RELATED function and table names and columns names with multiplication operators. Net Revenue
=ROUND(RELATED(dProducts[RetailPrice])*(1-fSales[RevenueDiscount])*fSales[Units],2)
4. (03:22 min mark) Reminder of “Row Context”
5. (04:47 min mark) DAX function = Data Analysis EXpressions
6. (05:05 min mark) Calculated Field 1: Total Net Revenue:=SUM(fSales[Net Revenue]).
7. (06:59 min mark) Calculated Field 2: Total COGS:=SUMX(fSales,ROUND(RELATED(dProducts[StandardCost])*fSales[PercentOfStandardCost]*fSales[Units],2))
8. (07:24 min mark) Calculated Field or Calculated Column? Which one to use?
9. (09:05 min mark) “Row Context” in Calculated Field, use X functions like SUMX and COUNTX.
10. (10:55 min mark) Calculated Field 3: GrossProfit:=[TotalNetRevenue]-[TotalCOGS]
11. (10:55 min mark) First use of Calculated Field in another calculated field: we are sure to use our convention of Square Brackets means that it is a Calculated Field!!!! And not a column name.
12. (11:45 min mark) Edit Calculated Fields in Measure Grid.
13. (12:25 min mark) Calculated Field 4: GrossProfitPercentage:=DIVIDE([GrossProfit],[TotalNetRevenue])
14. (13:42 min mark) First Report: Net revenue, COGS, Gross Profit, GP % formulas with Four Criteria: Yea, Month, Product and Color Criteria (Product and Color on Slicer, Year and Month in PivotTable Row and Column Headers).
15. (16:30 min mark) Examine what “Filter Context” means from a cell in PivotTable with Four criteria. Look at Formulas and Design View to see relationships between tables to try and understand of the filtering of the Columnar database works based on the Criteria that is dropped into the PivotTable.
16. (17:35 min mark) Calculated Field 5: DISTINCTCOUNT function to count actual days where sales were made. Number Of Sales Days:=DISTINCTCOUNT(fSales[Date])
17. (18:45 min mark) Calculated Field 6: Total Number of Days Over 4 Year Period:=COUNTROWS(dCalendar)
18. (19:40 min mark) Calculated Field 7: Average Sales per Sales Day:=ROUND(DIVIDE([Total Net Revenue],[Number of Sales days]),2)
19. (20:34 min mark) Start Report 2: Distinct Count and Ave. Sales per day by YEAR.
20. (21:47 min mark) Compare Excel Formula and DAX formula (Calculated Field) for Percentage Change. See IFERROR in Excel and how it can handle two data types.
21. (24:00 min mark) Calculated Field 8: Total Net Revenue From Last Year:=CALCULATE([Total Net Revenue],SAMEPERIODLASTYEAR(dCalendar[Dates])).
22. (24:00 min mark) CALCULATE will allows us to change the Filter Context.
23. (26:08 min mark) % Change for Net Revenue:=IF([Total Net Revenue From Last Year]=0,BLANK(),[Total Net Revenue]/[Total Net Revenue From Last Year]-1)
24. (27:50 min mark) Look at IFERROR
25. (28:40 min mark) IF rather than IFERROR
26. (28:05 min mark) BLANK function (add annotation)
27. (28:59 min mark) Conclusion
In PowerPivot:
BLANK represents Empty Cell, Missing Value, Null (Database "unknown value")
BLANK = Empty Cell, Missing Value
BLANK is not a Zero Length Text String
BLANK is not an Error

Views: 114245
ExcelIsFun

In this webcast we will be exploring the Production Function in more detail and will explain the relationship between the Total Product Curve, the Marginal Product Curve and the Average Product Curve.

Views: 12393
Francie Klenk

Check out my Blog:
http://exceltraining101.blogspot.com
This video show you how to use the TREND function to predict future monthly sales (from one to multiple months) based on historical values.
Feel free to provide a comment or share it with a friend! --------------------------------------- #exceltips
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Views: 77295
Doug H

Production Functions ( Part-1), Microeconomics,
visit www.iamtopper.com for key notes

Views: 56956
IAT CLASSES : Run By Ravi Kashyap Sir

Managerial Economics; Management;
Cobb-Douglas Production Function | Leontief Production Function ;
Introduction 00:00:00- 00:00:20
Production Function 00:00:21- 00:06:14
*What is a production function?
*What is a homogeneous production function?
*How to determine the type and degree of a production function?
*How does a production function project its type of returns to scale?
Cobb- Douglas Production Function 00:06:15- 00:13:04
*Introduced by Charles Cobb and Paul Douglas
*What is Cobb- Douglas production function?
*What are its uses?
*How to formulate a Cobb- Douglas production function?
*How to find out which degree of returns to scale a production function indicates?
Leontief Production Function 00:13:05- 00:18:53
*What is the difference between Cobb- Douglas and Leontief production function?
*What is Leontief production function?
*What are the characteristics of Leontief production function?
*How to formulate a Leontief production function?
Video by Edupedia World (www.edupediaworld.com), Free Online Education;
Click here for more videos on Managerial Economics;
All Rights Reserved.

Views: 37147
Edupedia World

This calculus video tutorial explains the concept behind marginal revenue, marginal cost, marginal profit, average cost function, price and demand functions. It shows you how to find the production level to minimize the average cost as well as how to find the minimum average cost so as to maximize the profit of a company. This video contains plenty of examples and practice problems.
Here is a list of topics:
1. Cost Function - The price to a produce a number of items
2. Average Cost - The average price to produce a single unit
3. Production Level - The number of units or x
4. Marginal Cost - Derivative of the Cost Function
5. Marginal Cost represents the increase in total cost to produce one extra item
6. Minimizing Average Cost Function - Finding The Production Level and the Minimum Average Cost
7. Price Function or Demand Function - The selling price of an item as a function of x
8. Supply vs Demand - Inverse Relationship - Business & Economics
9. Business Calculus - Revenue = Price Function x Number of Units (x)
10. Marginal Revenue, Marginal Cost, and Marginal Profit
11. Maximizing Profit - Finding the maximum value using the derivative function

Views: 79108
The Organic Chemistry Tutor

Production Function:
In simple words, production function refers to the functional relationship between the quantity of a good produced (output) and factors of production (inputs)
Production is the result of co-operation of factors of production viz., land, labour, capital, technology and organization etc.
Q = f( L, K,T,A,B,.......Z )
Where Q = Quantity of output
L = Labor
K= Capital
T= Technology
A = Land.
Hence, the level of output (Q), depends on the quantities of different inputs (L, K, A) available to the firm. In the simplest case, where there are only two inputs, labour (L) and capital (K) and one output (Q), the production function becomes.
Q =f (L, K)
“Production function is the relationship between inputs of productive services per unit of time and outputs of product per unit of time.” Prof. George J. Stigler
Defined production function as “the relation between a firm’s physical production (output) and the material factors of production (inputs).” Prof. Watson
“The production function is purely a technical relation which connects factor inputs and output.” Prof. Koutsoyiannis

Views: 16928
Know Economics

Given the basic form of the Cobb-Douglas production function, we'll find the partial derivatives with respect to capital, K, and labor, L. Thereby finding the marginal products of capital and labor.
Starting with Cobb-Douglas production function: Y=F(K,L)=AK^α L^(1-α)
Derivative of output w.r.t. Labor, then differentiation of production with respect to capital.
Finding the wage rate and marginal product of labor.
And finding the rental rate and the marginal product of capital.
More Intermediate Macro Video: https://sites.google.com/site/curtiskephart/ta/intermediate-macro-solutions

Views: 201305
economicurtis

Topic: In this video we will proove the famous product formula for the sine function.
What you should know:
- Basic properties of sine function
- Basic calculus methods

Views: 7164
MrYouMath

How to use excel to estimate the Cobb-Douglas Production function

Views: 15091
DrJiang Jingze

We r taking the responsibility from 5th of February. Follow us on Instagram for all the latest updates - @commerce.baba
We Just Love Commerce and yes replace hard work with smart work.
For the complete Series of Commerce subjects offline E-mail us at:
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Views: 109141
Commerce Baba

What is Conjoint Analysis?
Conjoint Analysis is an advanced market research technique. It is used to understand the user response for different attributes (feature, function, benefits) of a product or services.
Conjoint Analysis Example
Consider an organization producing tablets, perhaps a competitor to the Apple iPad and Samsung Galaxy. The organization needs to understand how different customers value Attributes such as Size, Brand, Price, and Battery Length. Armed with this information they can create their product range and offering.
What is Choice-based Conjoint Analysis (CBC)?
Choice-based Conjoint Analysis (CBC) is arguably the single most powerful analytic tool ever developed. With CBC, one can define the ideal product feature set, determine the price that maximizes profit, develop the most motivating communication strategies and segment the marketplace.
Read more on our blog: https://www.questionpro.com/conjoint-analysis.html
To sign up free with the global leader in online survey software visit https://www.questionpro.com
Let's connect on socials as well!
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Views: 10066
QuestionPro

The forecast function in MS Excel can be used to forecast sales, consumer trends and even weight loss!
For more details:
http://www.familycomputerclub.com/excel/forecast-function-in-excel.html
Get the book Excel 2016 Power Programming with VBA: http://amzn.to/2kDP35V
If you are from India you can get this book here: http://amzn.to/2jzJGqU

Views: 514115
Dinesh Kumar Takyar

Production function is a part of Unit-3. In this you will study the following:
Production Funtion: Short run and Long Run
Total Product, Average Product and Marginal Product.
Return to a factor.
cost and Revenue: Short run costs, total variable cost, Average costs, Average fixed cost, Average variable costs and marginal cost-meaning and their relationship.
Producer's equilibrium, its meaning and its condition terms of marginal revenue -marginal cost.
Supply, market supply, determinants of supply, supply schedule, supply curve and its slope, movement along shift in supply curve, price elasticity of supply. (a) Percentage change Method (b)Geometric Method
In this video you will learn about Production Function with a proper flow chart , You will learn ab Short run and Long run, Types of Input, Fixed factor of production, Variable of Production, Period and types of period, Total Product, average Product, Marginal product, their formulas and you will solve some problems based on above.
About the Instructor: Aditi Mam is a very interactive teacher and has made the entire lecture very very interesting and provides you the proper notes which are enough to study for exams.Watching it you will find it as if you are in a real class. She has taken care of all your doubts so she always gives you some very practical examples that you could relate to yourselves. Moreover she has defined each and every term with their differences as well.
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Full Course and Lecture Videos now available on (Study Khazana) login at http://studykhazana.com/
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Mail Us : [email protected]

Views: 29648
Study Khazana

Ehud Friedgut (Weizmann Institute of Science)
Analysis of Boolean Functions on Graph Products,
Dictatorships and Juntas II

Views: 165
Israel Institute for Advanced Studies

Learn Cartesian Product of Two Sets in the chapter of Relations and Functions. Cartesian Product can be defined between two non empty sets, say P & Q, represented by P cross Q is a set of ordered pair where first member of every order pair is from P & 2nd member from set Q. Let's see an example of Cartesian Product of two Sets .
Say, set A = {1, 2}, Set B = {a,b}
Cartesian Product of two sets A & B is represented by A cross B and is given by, total possible relations between set A & B
A cross B = { (1,a). (1,b), (2,a), (2,b)}
For more details study watch video & also visit website -http://itsmyacademy.com
Connect @ http://facebook.com/ItsMyAcademy
Connect @ http://facebook.com/ItsMyAcademy

Views: 49125
IMA Videos

I MAKE CUTE BABIES - https://amzn.to/2S0mT9u
What is VALUE ENGINEERING? What does VALUE ENGINEERING mean? VALUE ENGINEERING meaning - VALUE ENGINEERING definition - VALUE ENGINEERING explanation,
Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license.
Value engineering (VE) is a systematic method to improve the "value" of goods or products and services by using an examination of function. Value, as defined, is the ratio of function to cost. Value can therefore be increased by either improving the function or reducing the cost. It is a primary tenet of value engineering that basic functions be preserved and not be reduced as a consequence of pursuing value improvements.
The reasoning behind value engineering is as follows: if marketers expect a product to become practically or stylistically obsolete within a specific length of time, they can design it to only last for that specific lifetime. The products could be built with higher-grade components, but with value engineering they are not because this would impose an unnecessary cost on the manufacturer, and to a limited extent also an increased cost on the purchaser. Value engineering will reduce these costs. A company will typically use the least expensive components that satisfy the product's lifetime projections.
Due to the very short life spans, however, which is often a result of this "value engineering technique", planned obsolescence has become associated with product deterioration and inferior quality. Vance Packard once claimed this practice gave engineering as a whole a bad name, as it directed creative engineering energies toward short-term market ends. Philosophers such as Herbert Marcuse and Jacque Fresco have also criticized the economic and societal implications of this model.
Value engineering began at General Electric Co. during World War II. Because of the war, there were shortages of skilled labour, raw materials, and component parts. Lawrence Miles, Jerry Leftow, and Harry Erlicher at G.E. looked for acceptable substitutes. They noticed that these substitutions often reduced costs, improved the product, or both. What started out as an accident of necessity was turned into a systematic process. They called their technique "value analysis".
Value engineering is sometimes taught within the project management or industrial engineering body of knowledge as a technique in which the value of a system’s outputs is optimized by crafting a mix of performance (function) and costs. In most cases this practice identifies and removes unnecessary expenditures, thereby increasing the value for the manufacturer and/or their customers.
VE follows a structured thought process that is based exclusively on "function", i.e. what something "does" not what it is. For example a screw driver that is being used to stir a can of paint has a "function" of mixing the contents of a paint can and not the original connotation of securing a screw into a screw-hole. In value engineering "functions" are always described in a two word abridgment consisting of an active verb and measurable noun (what is being done - the verb - and what it is being done to - the noun) and to do so in the most non-prescriptive way possible. In the screw driver and can of paint example, the most basic function would be "blend liquid" which is less prescriptive than "stir paint" which can be seen to limit the action (by stirring) and to limit the application (only considers paint). This is the basis of what value engineering refers to as "function analysis".
Value engineering uses rational logic (a unique "how" - "why" questioning technique) and the analysis of function to identify relationships that increase value. It is considered a quantitative method similar to the scientific method, which focuses on hypothesis-conclusion approaches to test relationships, and operations research, which uses model building to identify predictive relationships.

Views: 22211
The Audiopedia

Recorded with http://screencast-o-matic.com

Views: 399
melathrop

In this class Ms. Dipika explains the conception of production function and short run production function, laws of variable proportion, total product, marginal product and average product. For more information visit www.doorsteptutor.com and email at [email protected]

Views: 25257
Examrace

Thank you for watching!
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If you like this article, I would be very happy if you like it and subscribe for more on Engineering and Technology!
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When you are interested in building your own product, read my 13 Steps to your Product: https://steemit.com/engineering/@engineercampus/13-steps-to-develop-your-product-an-overview
If you have further questions, feel free to contact me on:
- My website: http://www.engineercampus.de
- Facebook: www.facebook.com/engineercampus
- or here on steemit: www.steemit.com/@engineercampus

Views: 22
Engineercampus

Thanks to all of you who support me on Patreon. You da real mvps! $1 per month helps!! :) https://www.patreon.com/patrickjmt !! Inner Product and Orthogonal Functions , Quick Example.
In this video, I give the definition of the inner product of two functions and what it means for those functions to be orthogonal. I work a quick example showing that two functions are orthogonal.

Views: 138313
patrickJMT

Xiaolin Zhong, University of Lethbridge: "A Primary Analysis of the Combination of Leontief Production Function, Constant Marginal Cost and Fixed Cost and Its Implications"

Views: 487
MisesCanada

In this class Ms. Dipika explains the long run production function and the concept of isoquant in economics. For more information visit www.doorsteptutor.com or email [email protected]

Views: 11845
Examrace

http://www.ingeniousreports.com/Global-Markets-for-Plastics-Additives
IngeniousReports provides an overview of plastics additives and detail information of market like size, share, forecast and key company analysis.

Views: 2
Market & Industry Research

Class 12 microeconomics....
types of cost
Introduction of cost...
Cost function.....
Types of cost...
Total fixed cost...
Total variable cost....
Total cost......
Cont for my book....7690041256
Economics on your tips video 23
Our books are now available on Amazon
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causes of increasing,decreasing nd -ve return(Class 12 microeconomics)economics on your tips video22 - YouTube
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Economics on your tips

Chitra Choudhary
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University of Rajasthan, Jaipur

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