Economists Do It With Models

Warning: “graphic” content…

Bookmark and Share
Practice Problem of the Day, 10/11/2013

October 11th, 2013 · 1 Comment
Practice Problem of the Day

This video shows how to calculate marginal product of labor and discusses increasing and decreasing returns to labor. The problem is taken from Economics: Principles and Applications, 6th Edition, by Robert Hall and Marc Lieberman, and is Ch. 7 problem #1.

You can find more practice problems via the Practice Problem of the Day category archive or by visiting the Econ Classroom page. You can also be notified of new practice problems by subscribing to the YouTube channel.

Tags: Practice Problem of the Day

1 response so far ↓

  • 1 cork board ideas // Aug 10, 2014 at 2:46 am

    As someone who is a recovering sticky note junky, I understand
    the pain. Students are encouraged throughout the year to add pictures, paintings, magazine clippings or anything that can be glued, taped or pinned to the wall.
    The more denominations of cash you have on hand the better bargining position you
    will be in if you have to use it. Remodeling the kitchen can be a horrific experience.
    These small crafts can be made quickly and are perfect to use as stocking stuffers
    or add-on gifts.

Leave a Comment