Straight to the point and easy to follow, thank you.
@WhomstIndustries-dy3jc
Жыл бұрын
Is this normally taught in Managerial Econ undergrad courses? This is intermediate micro at my uni so I thought the managerial Econ course for business majors would just be intro to micro.
@sebastianwaiecon
Жыл бұрын
This particular content is designed for an MBA-level managerial economics course. It could appear at the undergraduate level, but probably in a less math-intensive form. When I cover this in intermediate micro I go a little deeper and use the Lagrange multiplier method.
@kapitan2480
2 жыл бұрын
i have a question what does the laborers do without kapital what kind of firm is this ?
@uama2397
2 жыл бұрын
Hi there! Thank you for making this video. I'd like to ask you something. What happens to the isoquant and isocost when the prices of K and L increases?
@sebastianwaiecon
2 жыл бұрын
Assuming the target output is unchanged, the isoquant doesn't change, but you may have a new cost-minimizing point, and the new isocost will go through that point.
@uama2397
2 жыл бұрын
@@sebastianwaiecon Great, thank you for your kind answer!
@shineselorm2938
Жыл бұрын
Please are the 160 and 200 for the C arbitrary numbers ? And if yes will they be given in a question ?
@sebastianwaiecon
Жыл бұрын
In the section (around 2:30) where I introduced isocosts, they were arbitrary. Later on, I showed how we would actually calculate the total cost once the minimum has been found.
@lurdesrociodelahozmartinez4832
10 ай бұрын
Thanks 👏
@rishabhaditya9108
Жыл бұрын
How can del.K/del.L= Mpl/Mpk = MRTS as MPL is del.L/Del. Q& mpk is Del. K/Del. Q
@disintegratev6951
Жыл бұрын
No idea
@wpr9313
2 жыл бұрын
Very useful
@marjorieampo584
Жыл бұрын
thanks
@jasminechau6680
Жыл бұрын
I think you solved the TRS of the cobb douglas function incorrectly.
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