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Introduction to Resource Markets and Marginal Revenue Product
 
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Demand for a factor of production by a firm reflects the same inverse relationship with the factor's price as demand for a good or service. But there's a bit more to the theory of resource demand. This lesson introduces resource markets and "marginal revenue product", which determines how much of a resource a firm will demand at every quantity. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 4641 Jason Welker
Demand for Labour - Marginal Revenue Product (MRP)
 
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Demand Curve for Labour - Marginal Revenue Product (MRP). A video covering the Demand Curve for Labour - Marginal Revenue Product (MRP) Twitter: https://twitter.com/econplusdal Facebook: https://www.facebook.com/EconplusDal-1651992015061685/?ref=aymt_homepage_panel
Views: 86657 EconplusDal
A firm's marginal product revenue curve | Microeconomics | Khan Academy
 
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Thinking about how much incremental benefit a firm gets from hiring one more person Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/firm-economic-profit/labor-marginal-product-rev/v/how-many-people-to-hire-given-the-mpr-curve?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/firm-economic-profit/average-costs-tutorial/v/fixed-variable-and-marginal-cost?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 146394 Khan Academy
Marginal Revenue Product of Labour (MRPL)
 
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​Marginal revenue product of labour (MRPL) is the extra revenue generated when an additional worker is employed. ​The formula for MRPL = marginal product of labour x marginal revenue. The demand curve for labour tells us how many workers a business will employ at a given wage rate in a given time period In the theory of competitive labour markets, the demand curve for labour comes from the estimated marginal revenue product of labour (MRPL)
Views: 12703 tutor2u
Criticisms of MRP (Marginal Revenue Product) and Labour Demand
 
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Criticisms of MRP (Marginal Revenue Product) and Labour Demand. A video covering the Criticisms of MRP (Marginal Revenue Product) and Labour Demand Twitter: https://twitter.com/econplusdal Facebook: https://www.facebook.com/EconplusDal-1651992015061685/?ref=aymt_homepage_panel
Views: 21107 EconplusDal
Marginal Revenue Product, Marginal Product of Labor, MRP, MPL Explanation
 
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For the Advanced Microeconomics Review please go to: http://bit.ly/2aj1txm "AP" is owned by the College Board which does not endorse this site or the above review. Study questions: 1) How does a firm determine how many workers to use? 2) How is MRP & MPL calculated? 3) If the wage of employees in perfect competition goes up, what would you expect to happen to the number of workers that the firm uses? 4) If demand for the product goes up (so price goes up), what would you expect to happen to the number of employees used? Explain 5) Based on the numbers below, state how many workers you think should be used. Assume that the product is produced in a perfectly competitive market where price = $2. Also, assume that labor is in a perfectly competitive market, with a going wage of $40 per day... # of workers 0 & output = 0 # of workers 1 & output = 30 # of workers 2 & output = 50 # of workers 3 & output = 65 # of workers 4 & output = 75 # of workers 5 & output = 79 6) Do the output numbers in question five show the law of diminishing marginal returns? Why or why not?
Views: 148589 AdvancedEcon
Elasticity and the Total Revenue Test- Micro 2.9
 
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Why don't gas stations have sales? I explain elasticity of demand and the differnce between inelastic and elastic. I also cover the total revenue test and give you a little trick to remember it. Thanks for watching. Please subscribe. Get the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 1149827 Jacob Clifford
Market Failures, Taxes, and Subsidies: Crash Course Economics #21
 
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This week on Crash Course Econ, Jacob and Adriene are talking about failure. Specifically, we're talking about market failures. When markets don't provide a good or service efficiently, that's a market failure. When markets fail, often governments step in to provide those services. Stuff like public education or military protection are good examples of market failures. So, what are some of the ways governments address, market failures? Well, it's funny you should ask, as we also talk about that in this episode. We'll get into taxes and subsidies and externalities and a bunch of other important stuff this week on Crash Course Econ. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 603344 CrashCourse
Microeconomics - Deriving a Firm's Short Run Demand for Labor (Marginal Revenue Product)
 
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Microeconomics - Deriving a Firm's Short Run Demand for Labor Labour Demand Curve (Industry/Market) - A video covering the Labour Demand Curve for the Industry/Market Marginal Revenue Product
Views: 389 Harold Walden
Factor Markets Part 3 Marginal Revenue Product
 
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How the use of an input influences total revenue. Calculating the marginal revenue product of a given unit of labor or other factor of production. Average revenue product and why that can mislead decision-makers.
Views: 867 Mike Dennis
Micro 5.1  Market and Minimum Wage: Econ Concepts in 60 Seconds:- Economics Lesson
 
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Mr. Clifford's 60 second explanation of the labor market for cooks and the affects of minimum wage. Remember that the firms are now demanding and individuals supply. Please keep in mind that these clips are not designed to teach you the key concepts. These videos are a review tool to help you better understand what you learned in class. ACDC is Mr. Clifford's teaching philosophy: Active Learning Cooperative Learning Discovery Learning Community
Views: 166691 Jacob Clifford
How To Find A Product To Sell On Amazon In 5 Minutes (Jungle Scout Review)
 
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FREE AMAZON FBA TRAINING: http://projectlifemastery.com/fba Learn how to find a product to sell on Amazon in only 5 minutes in this Jungle Scout review, so that you can start to private label a product and sell it on Amazon FBA. In this video, Stefan quickly shows you how to research and analyze any niche market or product on Amazon to help you determine whether or not it's a profitable and worthwhile product for you to sell on Amazon. "I'll mention this again in my previous video on how to find profitable niches and products on Amazon I did mention the importance of doing the research--you need to make sure before you sell any product on Amazon or private label one that you spend extra amount of time on researching a niche and market. If you do a poor job at this what I'm showing you right now, you pick the wrong niche or the wrong product to sell on Amazon then it almost doesn't matter how much marketing that you do or how much do you try to sell it--if there's not a demand there, there's not a market, there's not a niche there. There's not people that are already buying products in that market the you're going to have a really hard time selling on Amazon." ★☆★ VIEW THE BLOG POST: ★☆★ http://projectlifemastery.com/jungle-scout-review ★☆★ SUBSCRIBE TO ME ON YOUTUBE: ★☆★ http://www.youtube.com/subscription_center?add_user=projectlifemastery ★☆★ FOLLOW ME BELOW: ★☆★ Blog: http://www.projectlifemastery.com Facebook: http://www.projectlifemastery.com/facebook Twitter: http://www.projectlifemastery.com/twitter Instagram: http://www.instagram.com/stefanpylarinos Podcast: http://www.projectlifemastery.com/itunes ★☆★ MY BOOKS & PRODUCTS: ★☆★ Kindle Money Mastery: http://www.kmoneymastery.com 24 Hour Book: http://www.24hourbook.com Life Mastery Book: http://projectlifemastery.com/lifemasterybook Kindle Marketing Secrets: http://projectlifemastery.com/kindlemarketingsecrets ★☆★ RECOMMENDED RESOURCES: ★☆★ http://www.projectlifemastery.com/resources
Views: 160416 Project Life Mastery
Evaluating Marginal Revenue Product of Labour
 
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This short revision video looks at the problems in accurately measuring the marginal revenue product from employing an extra worker. - - - - - - - - - MORE ABOUT TUTOR2U ECONOMICS: Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more: https://www.tutor2u.net/economics A Level Economics Revision Flashcards: https://www.tutor2u.net/economics/store/selections/alevel-economics-revision-flashcards A Level Economics Example Top Grade Essays: https://www.tutor2u.net/economics/store/selections/exemplar-essays-for-a-level-economics
Views: 2825 tutor2u
Optimal Labor Usage: Marginal Revenue Product = Wage
 
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I discuss how to find the profit-maximizing quantity of labor in the short run (i.e., when capital is fixed), providing two numerical examples.
Views: 10559 1sportingclays
Marginal Revenue Product
 
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The Department of Economics at UMass Amherst offers a broad range of online courses, including Microeconomics, Macroeconomics, Marxian Economics, and Economic History. Our courses are a unique blend of heterodox and mainstream economic theory. Take them for credit from anywhere in the world. Register today by going to http://www.umassulearn.net/ and clicking on "Enroll Now". (UMass Amherst students, please use https://spire.umass.edu.) This work is licensed under a Creative Commons Attribution-NonCommercial-ShareAlike 3.0 Unported License. http://creativecommons.org/licenses/by-nc-sa/3.0/
Views: 33181 UMassEconomics
Marginal Revenue Product
 
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A Level Economics OCR Marginal Revenue Product (theory), Marginal product of Labour
Views: 263 MA
Figuring Marginal Physical Product and Marginal Revenue Product
 
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A video about how to quickly figure MPP (marginal physical product) and MRP (marginal revenue product). It sounds scarier than it really is.
Views: 15619 Kyle Purpura
Your Path to a Revenue Producing Product Road Map
 
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Our show today demonstrates how to use the Product Roadmap to paint a picture of happy customers well into the future. Your ability to grow revenue is highly influenced by the quality of the product and whether you are a ‘me too’ or a unique game changer. SBI’s new Revenue Growth Diagnostic tool will help you evaluate your product strategy from a revenue perspective to determine if you are likely or unlikely to make your number. Joining us today is Ella Balagula the Senior Vice President and General Manager of Engineering & Technology Solutions for Elsevier, an information analytics company that specializes in science, technology, and health. Ella manages a product that is an engineering decision support solution that enables engineers to confidently answer technical questions drawing upon more than 130 providers through cloud based platform with powerful search and interactive analytics tool. Watch as Ella demonstrates how to use the Product Roadmap to paint a picture of happy customers well into the future. In today’s show, Ella guides our audience path to producing a revenue-producing product road map. Ella is uniquely qualified to speak on this topic having a strong background in both strategic planning and product development. Ella is the perfect expert to help connect the dots between the product roadmap and the functional teams of sales and marketing. Why this topic? Future revenue growth sits in the product road map, use cases and requirements backlogs. Today’s revenue-producing products become tomorrow’s commodities as the competition quickens its development cycle. Building blockbuster products requires moving from legacy market listening techniques to advanced feedback systems. Long lead times starting with robust requirements have been replaced with short lead times starting with use case iterations based on real-time product feedback and analysis. In the first segment of the show, Ella describes to process for prioritizing feature requests. The endless request for features must be tied to customer satisfaction and the path to future revenue. Our conversation then takes a unique turn as we discuss the drivers that compel changes to the product road map, including what social, economic and industry trends influence a product road map. This quote from Ella summarizes the emerging best practice approach: “We do a deep dive to understand customer use case's workflow. But most importantly, we anchor into, where are we going to play? What are the markets? We get alignment with corporate strategy. Then we look for big meaty problems that drive progress of humanity. It's big issues like health and wellness or energy sustainability or materials revolution.” “For example, we're developing a product now focused on material selection in the chemical industry. We know that materials revolution is driving a need for people to start selecting the right material and connect research data with environmental data and the prior pricing and all of those. Can we help them? That's when it starts going into product plans or product road map. We start with market. We focus on a big meaty problem and we translate it into what it means to customers.” Watch as Ella describes how to take advantage of emerging opportunities created by new technology, and how to navigate the use of third-party partners and technology into your product road map. The timing of product releases will greatly impact revenue within a given year. Watch as Ella describes how to collaborate with sales and marketing to define release timelines. This includes a discussion into how to employ release schedules to drive a consistent velocity of product releases into your market. Decision Gates are used to move products through your product road map. Watch was Ella describes the gating process and how to determine the right gates to keep your company on track. Finally, we have a deep discussion how Ella validates that the new releases on the product road map are delivering value to customers and ultimately producing revenue.
Views: 522 SBI TV
Total revenue, average revenue and marginal revenue
 
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SUPPORT Enhance Tuition - donate via this link: https://www.paypal.me/Junaid1022 DOWNLOAD all the PowerPoints from Unit 1 FREE: https://payhip.com/b/apTj www.enhancetuition.co.uk Email me: [email protected] In this video, you will learn: - How to calculate total revenue, average revenue and marginal revenue - How to graph total revenue, average revenue and marginal revenue for firms in imperfectly competitive markets Why marginal revenue is twice the slope of the demand curve: http://www.dummies.com/education/economics/managerial-economics-the-relationship-between-demand-price-and-revenue-in-a-monopoly/
Views: 2648 EnhanceTuition
Marginal Cost and Marginal Revenue
 
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This video looks at Marginal Cost and Marginal Revenue, and explains how they lead to an equilibrium of quantity supplied. It is setting up these concepts to apply to different types of markets (eg perfect competition, monopoly) in future videos.
Views: 97634 Steve Lobsey
Demand Function Q = 36 - 2p Plot Marginal and Average Revenue Imperfect Market
 
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Related Videos: https://www.youtube.com/playlist?list=PLJ-ma5dJyAqrNk6kpfTCdr4WYeGFl0OeA Find TR, Total Revenue AR Average Revenue MR Marginal Revenue Plot MR and AR
Views: 3201 Anil Kumar
Marginal revenue product and labor
 
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marginal revenue product and labor
Views: 3472 HorowitzEconomics
MCQ Revision Question - Marginal Revenue Product
 
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​Here is a revision question that requires students to calculate the marginal revenue product of two factor inputs and decide whether to employ more or less of them giving information about the marginal cost of adding extra factor inputs. CONNECT WITH TUTOR2U ECONOMICS Web: https://www.tutor2u.net/economics Twitter: tutor2u Economics: https://twitter.com/tutor2uEcon Twitter: Geoff Riley https://twitter.com/tutor2uGeoff Facebook: https://www.facebook.com/tutor2u Instagram: https://www.instagram.com/tutor2uecon/ MORE HELP WITH A LEVEL & IB ECONOMICS Online webinars: https://www.tutor2u.net/economics/events/students/online Revision Workshops: https://www.tutor2u.net/economics/events/students/face-to-face Study Notes on every Topic: https://www.tutor2u.net/economics/reference/study-notes Key topics: https://www.tutor2u.net/economics/topics - - - - - - - - - MORE ABOUT TUTOR2U ECONOMICS: Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more: https://www.tutor2u.net/economics A Level Economics Revision Flashcards: https://www.tutor2u.net/economics/store/selections/alevel-economics-revision-flashcards A Level Economics Example Top Grade Essays: https://www.tutor2u.net/economics/store/selections/exemplar-essays-for-a-level-economics
Views: 2118 tutor2u
2   Labour markets   Marginal Physical Product of labour and Marginal Revenue Product
 
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I have explained the marginal physical product and marginal revenue product in perfect and imperfect markets in this video. Tabular (Table) presentation is done to show how they are calculated using an example.
Views: 46 JJ Answer Academy
Revenue, Profits, and Price: Crash Course Economics #24
 
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How do companies make money? What are profits? Revenues? How are prices set? This week, Jacob and Adriene are talking business. Whether you're selling cars, pizza, or glow sticks, this video has pretty much all the information you need to run a business. Well, not really, but there's a lot of good stuff in here. *** Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 406741 CrashCourse
Perfect Competition in the Short Run- Microeconomics 3.8
 
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In this video I explain how to draw and analyze a perfectly competitive market and firm...and you get to meet Mr. DARP. Makes sure that you can use the graph calculate total revenue, total cost, and profit. Thanks for watching. Please subscribe. If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji Microeconomics Videos https://www.youtube.com/watch?v=swnoF533C_c Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3d8qllI Watch Econmovies https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Follow me on Twitter https://twitter.com/acdcleadership
Views: 1037066 Jacob Clifford
4. Marginal Revenue Product (MRP) Criticisms
 
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This lesson focuses on some important evaluative themes that can be explored with regard to the theory of marginal revenue product.
Views: 78 Mr Miles Harris
Taxes on Producers- Microeconomics 2.11 ACDC Econ
 
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I explain excise taxes any show what happens to consumer surplus, producer surplus, and deadweight loss as a result of a tax. Make sure to watch the section about tax incidence and who pays the majority of a tax.
Views: 568533 Jacob Clifford
Marginal Revenue Product equals Marginal Factor Cost
 
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2nd part of a video showing how firms decide how much of a resource to obtain. In the first part of the video, I show how to figure out marginal physical product (MPP) and marginal revenue product (MRP). In this second, part I combine the information on MPP and MRP with marginal factor cost (MFC) to show exactly how much of a resource the firm will obtain.
Views: 5921 Kyle Purpura
The 3 P's of Revenue Growth: People, Process, Product
 
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On today’s episode of the SBI Sales and Marketing Video Podcast, we delve into the most important aspects of promoting revenue growth. Visit http://bit.ly/6stepgrowth to follow along at home. 02:37 90 days to increase sales - what steps to take 03:30 Evaluating your sales team for effectiveness 07:32 Developing a buyer-led sales process 09:26 Investigating your customers’ buying process to increase sales 10:33 Marrying your product strategy to your sales training 14:05 Continue to increase revenue in year two of your transformation 20:43 Strong leadership is vital to increasing revenue growth 27:31 An action plan to revitalize your sales process 31:44 Why getting a few sales wins immediately is important 34:23 Mistakes to avoid at all costs SBI Sales and Marketing Video Podcast Episode Summary: On today’s episode, Greg Alexander, CEO of SBI and host of the show, sits down with Joe Vitalone, the executive vice-president and president of Mitel Networks, to discuss his methods for promoting new revenue growth in a flagging sales team. We begin with the steps to evaluate your sales team for sales effectiveness, which should take place in the first 90 days. Evaluating the sales team can reveal the biggest strengths or weaknesses of the sales process. Next, we evaluate the buyer as an aspect of the product strategy. In order to increase revenue growth, it is important to discover how, when and why your buyer buys, and shift your product strategy off the seller and to the buyer. A vital part of this process includes integrating new processes with your trainings, in order to properly equip your team to sell. Finally, we examine how to move into year two of your transformation and to continue to increase revenue by building upon your achievements from the first year. We also examine the most important steps to remember when developing a plan to increase revenue growth, and pitfalls to avoid. Ready to Make Your Number? If you want a copy of the workbook mentioned in this video, go to SalesBenchmarkIndex.com/2016 report to see the details of our six step revenue growth method, which covers market research, corporate strategy, product strategy, marketing strategy, sales strategy and talent strategy. If you want to have one of SBI’s seasoned sales and marketing consultants help you implement our revenue growth strategy in your organization, let us know at https://salesbenchmarkindex.com/contact‐us/.
Views: 28392 SBI TV
Marginal Revenue Product
 
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An Easy Overview Of Marginal Revenue Product
Views: 507 Christopher Hunt
Labor Markets and Minimum Wage: Crash Course Economics #28
 
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How much should you get paid for your job? Well, that depends on a lot of factors. Your skill set, the demand for the skills you have, and what other people are getting paid around you all factor in. In a lot of ways, labor markets work on supply and demand, just like many of the markets we talk about in Crash Course Econ. But, again, there aren't a lot of pure, true markets in the world. There are all kinds of oddities and regulations that change the way labor markets work. One common (and kind of controversial one) is the minimum wage. The minimum wage has potential upsides and downsides, and we'll take a look at the various arguments for an against it. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Eric Kitchen, Jessica Wode, Jeffrey Thompson, Steve Marshall, Moritz Schmidt, Robert Kunz, Tim Curwick, Jason A Saslow, SR Foxley, Elliot Beter, Jacob Ash, Christian, Jan Schmid, Jirat, Christy Huddleston, Daniel Baulig, Chris Peters, Anna-Ester Volozh, Ian Dundore, Caleb Weeks -- Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 489359 CrashCourse
Pricing Analytics: Segmenting Customers To Maximize Revenue
 
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Potential customers for a product or service can be segmented into valuation groups. High valuation groups are willing to pay more for the product or service, while low valuation groups are only willing to pay a lesser amount for the same product or service. This presentation provides a basic background on yield management through customer segmentation, and a hands-on example of modeling airline customer segmentation using Excel.
Views: 15368 Michael Lamont
HQ revenue Product Insights
 
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HQ revenue offers actionable insights combined seamlessly together into one user-friendly interface. With HQ revenue you can instantly react to a dynamic market and shifts in demand.
Views: 345 HQ plus
How to Build Revenue Models for Consumer Products by Yelp Group PM
 
01:10:14
Product Management event in San Francisco about how to build revenue models for consumer products. 👉 Subscribe here: http://bit.ly/2xMQLbS 🕊️ Follow us on Twitter: http://bit.ly/2xAQklN 💙 Like us on Facebook for free event tickets: http://bit.ly/2xPfjkh 📷 Check us out on Instagram: http://bit.ly/2eHmfJp Get the presentation slides here: http://bit.ly/2r0rmIA Find out more about us: http://bit.ly/2HaMJm3 💻 Whether you are the first Product Manager at a fast growing consumer startup or one of many Product Managers at a big internet company, the time eventually comes where every Product Leader is forced to ask "How are we going to make money with this thing?". In this talk, Rahul shared his insights on the right mental models to use to help you attack the problem. He used examples from his career and from large revenue generating products in the market to help you build a rubric. He also shared a basic framework to attack any monetization product problem. Rahul Hampole is Group Product Manager at Yelp. In addition to managing Product Managers who work on a variety of revenue critical areas, such as Partnerships, Payments, Billing, Rahul is aligned with Yelp's National, i.e. multi-location chains, business. Rahul manages Product Managers working on consumer and business products for clients like Chipotle, Macy's and State Farm insurance. Rahul has been with Yelp for four years. Previously, he has held Product, Engineering and Business Development roles at companies large, such as Yahoo, and small, Geodelic, Shopzilla. He has an MBA from UCLA and an MS in Computer Science from USC. Rahul is an avid sailor and when not on the water he is hiking and snowboarding. Chapter 1 0:44 Speaker Introduction Chapter 2 4:07 Talk Agenda Chapter 3 5:58 World of PMing: 4 Step Process Chapter 4 6:52 Identifying the Right Monetization Chapter 5 9:45 Keep It Simple Stupid Chapter 6 11:07 Why Are Display Ads on Cost per Impression? Chapter 7 14:19 Capturing Value, Giving Value Chapter 8 17:39 Pricing Chapter 9 23:39 Making Tradeoffs Chapter 10 30:42 Key Questions to Think About Chapter 11 36:19 Revenue Experimentation Done Right & Sales Experiment Chapter 12 42:10 Tracking Metrics & Measuring Chapter 13 45:29 Where Does Marketing Fit in? Chapter 14 50:34 Conclusion Chapter 15 52:05 Q&A ABOUT US: Product School is the world’s first tech business school. We offer certified Product Management, Coding, Data and Blockchain courses; our instructors are real-world product managers working at top tech companies such as Google, Facebook, Snapchat, Airbnb, LinkedIn, PayPal, and Netflix. Our classes are part-time, designed to fit into your work schedule, and the campuses are located in 14 cities worldwide, including Silicon Valley, New York, Los Angeles and London. See our upcoming courses here: http://bit.ly/2HaMJm3 In addition to classes, each of our campuses host weekly events with top industry professionals about Product Management, Data, Coding and Blockchain. Click here to see what we have coming up: http://bit.ly/2qqxQSY Product leaders from local top tech companies visit Product School campuses each week. Through lectures, panel discussions, and a variety of other forums, the world’s top product managers visit Product School to provide invaluable real-world insights into critical management issues. 📓 The Product Book has arrived! Learn how to become a great Product Manager. Get your copy here: http://amzn.to/2uJqg9A #ProductManagement #ProductSchool #Upskill #TechEducation #Education #Product #TechStartup #FinTech #Business #ProductManager #ProdMgmt
#27, Revenue, Types and nature in perfect market (Micro economics-Class 11 and 12)
 
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Class 12 microeconomics... Theory of revenue.... Types of revenue.... Total revenue.. Average revenue.... Marginal revenue.... Nature of different types of revenue under perfect competition..... Contact of my book...7690041256 Economics on your tips video 27 Our books are now available on Amazon Special Combo - Economics on your tips Micro + Macro http://amzn.in/d/eSxj5Ui Economics on your tips Macroeconomics http://amzn.in/d/2AMX85O Economics on your tips Microeconomics http://amzn.in/d/cZykZVK Official series of playlists UG courses ( bcom, bba, bca, ba, honours) – https://www.youtube.com/playlist?list=PLgC10_Xv-BGirAqOr-hU8e-N_Nz0UpgJ- Micro economics complete course – https://www.youtube.com/playlist?list=PLgC10_Xv-BGg5n3YU6oEV7_HIzBuEbbOz Macro economics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGg2ORORpILqiDR1gyH3MkXw Statistics complete course- https://www.youtube.com/playlist?list=PLgC10_Xv-BGjrAkDyeMioJ7DEexAEeVdt National income – https://www.youtube.com/playlist?list=PLgC10_Xv-BGjpE-1V4uz_0wvvbZQnSsj_ In order to promote us and help us grow Paytm on - 7690041256 Link for the previous video(video 26) Formulas and problems of theory of cost(Class 12 microeconomics) economics on your tips video 26 - YouTube https://www.youtube.com/watch?v=iOKsw_Q6NvA Link for the next video(video 28) Class 12 microeconomics(nature of revenue in imperfect market) economics on your tips video 28 - YouTube https://www.youtube.com/watch?v=8KiJHusa7Fs
Views: 259100 Economics on your tips
A Level Economics (micro) - Determinants of Labour Demand (Marginal Revenue Product - MRP theory)
 
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Based on the requirements for A Level Economics (UK education system), this video outlines the concept of labour demand, derived demand and the way that Marginal Revenue Product (MRP) theory can be used to analyse firms' employment behaviour
Views: 143 Mark Seccombe
Learn How Renesas Products Can Cut Down Time to Market and Time to Revenue with RTOS
 
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https://www.futureelectronics.com/search/?text=R5F562 Hi I’m Sandra Donaher Product Marketing Manager at Future Electronics. Today we will look at the main reasons and benefits for using an RTOS, or Real Time Operating System. We’ll also take a look at how Renesas products can cut down time to market and time to revenue with RTOS. Many applications require the running of more than one task at the same time, multitasking has become a very important need to consider. Applications that require multitasking allocate processing time between various duties which must be performed by the software. This means the software is divided into pieces called tasks or threads and a run-time environment that provides each task with its own virtual processor is created. https://www.futureelectronics.com/search/?text=R5F10 Now let’s take a look at the benefits of multitasking. By using an RTOS, this will allow developers to have much faster response times, allowing them to concentrate on the specific requirements of each task without having to worry about what effect this might have on the response times of other tasks. With an RTOS, there is no need to worry about the effect of program modification on the responsiveness of other tasks. The multitasking capability of RTOS allows developpers to concentrate on the single task or piece of software they are working on without having to worry about processor allocation. One does not need to have knowledge of the the entire system’s requirements or run-time behavior. Future Electronics is offering the “Power of Two” program, which combines Micrium RTOS and middleware modules bundled with Renesas MCUs. Projects that qualify can bypass time consuming, expensive and tedious infrastructure code writing and have more time to perfect their designs and create new ones. Several engineers who are currently participating in the “Power of Two” program have reported that they are shaving months off development time, that they now have greater design flexibility with more creative design opportunities and enhanced system reliability. The “Power of Two” program allows developers several benefits including the elimination of many months of effort needed to create, test and debug fundamental system code. Peripheral-rich Renesas MCUs provide superior performance and versatility compared to others. Another great benefit is the access to State-of-the-art RTOS and Middleware modules. Additionally you will have access to one full year of technical design support to ensure a trouble-free design process and example projects that raise the starting point of a design to a higher level. Other benefits include Renesas FIT modules and Board Support Package and new code such as TCP/IP with IPv6 and USB Device with audio class. A second program offered by Future Electronics is the Renesas RZ Express Promotion. This program allows users to fast track their next Renesas design with free Express Logic ThreadX real-time operating system, middleware stack and more. Renesas and Express Logic have teamed up for this promotion, where qualified production customers of the Renesas RZ/A1 microprocessor can apply for a free, single-product license of Express Logic ThreadX RTOS and middleware stack with free software support from Express Logic for 90 days. Express Logic's ThreadX RTOS has been deployed in over 2 billion electronic products, with most of these products being powered by ARM-based processors. ThreadX and Express Logic's related middleware provide priority-based, preemptive real-time scheduling, messaging, USB Host/Device, IPv4/IPv6 networking, and GUI software support for these systems. Products from Express Logic strongly complement the Renesas RZ/A processor, which helps cut design costs by getting developpers to market quickly and reliably. The RZ Express offer from Renesas & Express Logic includes the ThreadX RTOS, TCP/IP Stack, USB Stack, File System, GUIX Graphics Package and 90 days of technical Support from Express Logic. For more information about RTOS, Renesas and the “Power of Two” and “RZ Express” programs and promotion details, visit our website at www.FutureElectronics.com.
Views: 164736 Future Electronics
CFA Tutorial: Economics (Marginal Revenue Product)
 
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Register for free CFA course: http://www.edupristine.com/ca/free-10-day-course/cfa-economics/ Learn how to calculate Marginal Revenue Product of Labour on the basis of following: -Addition to revenue from selling additional output produced by employing one extra unit of labour. - Product of marginal product of labour & marginal revenue. More about CFA on: http://www.edupristine.com/ca/courses/cfa/ About EduPristine: Trusted by Fortune 500 Companies and 10,000 Students from 40+ countries across the globe, EduPristine is one of the leading Training provider for Finance Certifications like CFA, PRM, FRM, Financial Modeling etc. EduPristine strives to be the trainer of choice for anybody looking for Finance Training Program across the world. Subscribe to our YouTube Channel: http://www.youtube.com/subscription_center?add_user=edupristine Visit our webpage: http://www.edupristine.com/ca
Views: 610 EduPristine
Diminishing Marginal Returns- Micro 3.1
 
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I explain the idea of fixed resources and the law of diminishing marginal returns. I also discuss how to calculate marginal product and identify the three stages of returs: increasing, decreasing, and negative returns. For more econ stuff, visit my website www.ACDCEcon.com Get the Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji High school version of this video- https://www.youtube.com/watch?v=_TQ62MwzSrY Next Video- Economies of Scale https://www.youtube.com/watch?v=JdCgu1sOPDo Econmovies- https://www.youtube.com/playlist?list=PL1oDmcs0xTD9Aig5cP8_R1gzq-mQHgcAH Twitter (#askclifford) https://twitter.com/acdcleadership?lang=en By the way, I had some songs from West Side Story in my head while I was filming.
Views: 528421 Jacob Clifford
Airline Revenue Management - Fare Products - Part 2
 
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Airlines use fare rules to segment the market at many different price points. They then forecast demand for each product and allocate the number of seats to sell at each fare. We examine typical fare structures and revenue management forecasting and optimization techniques.
Views: 3191 RickZeniRMVideos
Revenue Models for Consumer Retail Companies
 
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In this Revenue Models lesson, you'll learn how to build a revenue model for a consumer retail company. By http://breakingintowallstreet.com/ "Financial Modeling Training And Career Resources For Aspiring Investment Bankers" Chuck E. Cheese, a kids' restaurant chain that was acquired by Apollo for $1.3 billion, is used in this example since their data is readily available and easy to use Table of Contents: 0:39 Why Revenue Models Are Important 2:19 How to Set Up Revenue Models - Units Sold and Market Size Methods 3:39 How You Build a Revenue Model - Examples for Different Industries 5:03 Step 1 - Finding Historical Data 5:59 Step 2 - Assumptions for Stores Opened and Closed 8:02 Step 3 - Assumptions for Sales per Store Growth 9:03 Step 4 - Calculating Ending Stores per Year 10:30 Step 5 - Toggle Calculations for Sales per Store 11:08 Step 6 - Splitting Revenue Into Segments 14:20 Step 7 - How to Review and Tweak the Numbers 15:18 Recap and Summary Why Do Revenue Models Matter? It's a very common topic in case studies and interviews in IB, PE, HFs, and anything else in finance. Revenue models can come up in LBO case studies, 3-statement modeling case studies, normal interview questions, and, of course, on the job. Often, you have enough data to make MORE than just a simple % growth rate assumption for revenue... but not enough data to do the same on the expense side. Theoretically, you could just say 2%, 3%, 4%, etc. growth each year and project revenue like that. BUT it's much more credible to say, "We have 50 stores each generating $2 million in annual sales, on average, and we plan to open 5 new stores per year for the next 5 years -- based on that, revenue is expected to be..." rather than "We're assuming 4% revenue growth per year." The numbers you get will NOT necessarily be different or "more accurate" -- you're still predicting the future! But at least your numbers will have more real-world support behind them... What is a Revenue Model? It can be done many different ways, but most revenue models boil down to Units Sold * Average Selling Price, or Total Market Size * % Market Share. The best method depends on the available data, the work and research you've done, and what the company discloses. For this consumer/retail example, it makes the most sense to use a variation on Units Sold * Average Selling Price, since "market share" is almost impossible to establish for a large and fragmented market like restaurants. How Do You Build a Revenue Model? For retailers, you can divide revenue into into existing stores vs. new stores and assume a figure for average Sales per Square Foot/Meter, or Sales per Store, and then make assumptions for new stores opened, stores closed, and how the sales per store figures change over time. Here's what we cover in this example for Chuck E. Cheese: Step 1: Get the historical data you need -- in this case, the # of stores opened and closed in prior years, and the average sales per store type. These are all taken from the company's filings. Step 2: Make assumptions for the # of stores opened and closed each year -- companies often disclose their plans in their filings, or you can extrapolate from historical data. In this case, CEC told us directly how many stores it planned to open over the next 4 years. Step 3: Assume a growth rate in Sales per Comparable (Existing) Store, and Sales per New Store. Step 4: Calculate Ending Stores each year, with support for the sensitivity toggles built in so that we can easily modify the assumptions. Step 5: Now, make similar "post-toggle" calculations for Sales per New Store and Sales per Existing Store. Step 6: Now, divide the revenue into segments, if applicable... it is very much applicable here! There are different margins for entertainment vs. food and beverages, and there's a clear trend in one direction (away from food and beverages). Step 7: Now, go back and check your numbers, fill in the miscellaneous and smaller items, and see how equity research estimates (and other sources) compare to what you've come up with. Go back and tweak your numbers as necessary. What Next? Pick a company you're interested in, in an industry that's relatively easy to analyze, and project revenue based on what's in their filings. It doesn't have to be super-complicated -- for most companies, revenue comes down to less than 5 key drivers. Avoid conglomerates, companies with tons of business lines, or industries that are more complex, such as oil & gas, commercial banking, etc. Suggestions: Airlines, technology, consumer/retail, industrials/manufacturing, healthcare is iffy because it can get very complex to model a company with a huge drug portfolio. Further Resources http://youtube-breakingintowallstreet-com.s3.amazonaws.com/CEC-Revenue-Model.xlsx
How to Get Free Product all about free and Marginal Revenue Product MRP
 
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How to Get Free Product all about free and Marginal Revenue Product MRP Thank you so much for watching this video. Please don't forget to thumbs up, give your feedback and share it with your friends and family. Disclaimer :- This Channel does not promote any illegal content, Does not encourage any kind of illegal activities. All contents provided by this channel is meant for EDUCATIONAL purpose only. Please Subscribe to my channel » https://www.youtube.com/RealTechMaster - it’s free - you don’t miss any future video See you soon. Take care, Mahafuj Alam Social - Facebook: https://www.facebook.com/RealTechMaster24/ Facebook Group: https://www.facebook.com/groups/RealTechMaster24 Twitter: https://twitter.com/mahafuj360 Instagram: https://www.instagram.com/mahafuj360 G+ : https://plus.google.com/+RealTechMaster
Views: 1762 RealTech Master
New Study on Global Aquatic Product Market share, capacity, production and revenue 2017 2022 researc
 
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This report analyzes markets for Aquatic Product with secondary data as well as proprietary data (where available) with an objective of helping businesses take strategic decisions with regards to competition, segment, regional markets and more. The Global Aquatic Product Industry 2017 Market Research Report is a professional and in-depth study on the current state of the Aquatic Product industry. “Global Aquatic Product Industry 2017 Market Research Report″ is now available with eMarketOrg.com at http://emarketorg.com/pro/global-Aquatic Product-industry-2017-market-research-report/
Views: 3 Nick Jhonson

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