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A.7 Cost minimisation | Consumption - Microeconomics

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Versión en español: • A.7 Minimización del c...
This video explains how cost minimisation works, both from the analytical and graphical points of view. We start analysing cost minimisation as the optimisation problem it is, followed by a graphical analysis of the optimum point of consumption.
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-Utility maximisation: • A.6 Utility maximisati...
-Consumption duality: • A.8 Consumption dualit...
Related articles:
-Utility maximisation: www.policonomic...
-Consumption duality: www.policonomic...
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Пікірлер: 5

  • @fawadbahij8871
    @fawadbahij88712 жыл бұрын

    hi dear, first and foremost, i cannot find proper words to thank for the most fruitful videos you have made. you even summurized the whole session of lessons we are taking nowadays in a short video. im wondering if the scripts of this videos "importantly this play list" is available? that would be a great assistant to me. im looking for your respose. regards....

  • @adawiyahsafruddin5435
    @adawiyahsafruddin54358 жыл бұрын

    Hicksian Demand function is minimizing expenditure s.t utility constraint. Am I right?

  • @Policonomics

    @Policonomics

    8 жыл бұрын

    Dear +Adawiyah Safruddin , Yes, you are correct! You can watch our video on Consumption duality, which covers the subject: kzread.info/dash/bejne/i6GDtKirftWZl7A.html Also, we have just uploaded a new video on subadditivity: kzread.info/dash/bejne/o4ttq6itgNycg7A.html Best, The Policonomics Team

  • @adawiyahsafruddin5435

    @adawiyahsafruddin5435

    8 жыл бұрын

    Thanks!

  • @Policonomics
    @Policonomics10 жыл бұрын

    This video explains how cost minimisation works, both from the analytical and graphical points of view. We start analysing cost minimisation as the optimisation problem it is, followed by a graphical analysis of the optimum point of consumption. A.7 Cost minimisation | Consumption - Microeconomics Learn, and enjoy!