Straight to the point and easy to follow, thank you.

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.

i have a question what does the laborers do without kapital what kind of firm is this ?

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!

Thanks 👏

thanks

I think you solved the TRS of the cobb douglas function incorrectly.

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.

Thanks you saved my ass

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

Very useful

Thank you very much!

Do it symbolically not using numbers

Boring