Samit Deshmukh

Numerade Educator
Counselor In Training

Biography

I am going to be a freshman at Texas A and M in College Station to study engineering, but get a minor in economics, a subject I find fascinating and for me is something I always wanted to teach. I enjoy hanging out with friends, playing sports of any kind, and reading.

Education

Samit has not yet added their education credentials.

Educator Statistics

Numerade tutor for 6 years
27 Students Helped

Topics Covered

Unlocking Insights: Macroeconomic Data Analysis
The Long-Term Impact of the Real Economy: Insights and Analysis
Understanding Short-Term Economic Fluctuations
How Markets Work: Understanding the Dynamics of Supply and Demand
Balancing Markets and Welfare: Striving for Equilibrium
The Economics of Labor Markets: Understanding the Dynamics
Understanding Firm Behavior and Industry Organization

Samit's Textbook Answer Videos

04:47
Macroeconomics

What problems does deflation cause?

Chapter 9: Unemployment and Inflation
Section 7: Does Inflation Impose Costs on the Economy?
Samit Deshmukh
02:38
Economics

Tim is opening a new online store. He plans to hire two workers at $\$ 10$ an hour. Tim is also considering buying or leasing some new computers. The purchase price of a computer is $\$ 900$ and after three years it is worthless. The annual cost of leasing a computer is $\$ 450$
a. In which factor markets does Tim operate?
b. What is the price of the capital equipment and the rental rate of capital?

Chapter 18: Markets for Factors of Production
Samit Deshmukh
10:50
Economics

Wanda's is a fish store that hires students to pack the fish. Students can pack the following amounts of fish:
$$\begin{array}{cc}
\begin{array}{c}
\text { Number of } \\
\text { students }
\end{array} & \begin{array}{c}
\text { Quantity of fish packed } \\
\text { (pounds) }
\end{array} \\
\hline 1 & 20 \\
2 & 50 \\
3 & 90 \\
4 & 120 \\
5 & 145 \\
6 & 165 \\
7 & 180 \\
8 & 190
\end{array}$$
The fish market is competitive and the price of fish is $50 \mathrm{c}$ a pound. The market for packers is competitive and their market wage rate is $\$ 7.50$ an hour.
Calculate the value of marginal product of labor and draw the value of marginal product curve.

Chapter 18: Markets for Factors of Production
Samit Deshmukh
03:58
Economics

Wanda's is a fish store that hires students to pack the fish. Students can pack the following amounts of fish:
$$\begin{array}{cc}
\begin{array}{c}
\text { Number of } \\
\text { students }
\end{array} & \begin{array}{c}
\text { Quantity of fish packed } \\
\text { (pounds) }
\end{array} \\
\hline 1 & 20 \\
2 & 50 \\
3 & 90 \\
4 & 120 \\
5 & 145 \\
6 & 165 \\
7 & 180 \\
8 & 190
\end{array}$$
The fish market is competitive and the price of fish is $50 \mathrm{c}$ a pound. The market for packers is competitive and their market wage rate is $\$ 7.50$ an hour.
a. Find Wanda's demand for labor curve.
b. How many students does Wanda's employ?

Chapter 18: Markets for Factors of Production
Samit Deshmukh
05:33
Economics

The market price of fish falls to 33.33 \& a pound, but the packers' wage rate remains at $\$ 7.50$ an hour.
How does the students' marginal product change? How does the value of marginal product of labor change?

Chapter 18: Markets for Factors of Production
Samit Deshmukh
08:27
Economics

The market price of fish falls to 33.33 \& a pound, but the packers' wage rate remains at $\$ 7.50$ an hour.
How does Wanda's demand for labor change? What happens to the number of students that Wanda employs?

Chapter 18: Markets for Factors of Production
Samit Deshmukh
1 2 3 4 5