Marginal Thinking
12:09
YouTubeBare Basics Economics
Marginal Thinking
Marginal Thinking | Economics: In this video, Vitaly Terekhov, Ph.D. explains marginal thinking (marginal cost and marginal benefit), and explains one of the most famous problems in economics - the water-diamond paradox. #MarginalCost #Microeconomics 00:00 The water-diamond paradox 01:34 Marginal cost and marginal benefit 03:14 Example: last ...
3.1K viewsSep 6, 2020
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