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This video explains the basics of production analysis, focusing on the short run. We first learn how to draw the Average and Marginal productivity, and the explain what the output elasticity is.

Related videos:
-Production function: [ Ссылка ]
-Returns to scale: [ Ссылка ]

Related articles:
-Long run production: [ Ссылка ]
-Very long run production: [ Ссылка ]

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