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.
@kapitan24802 жыл бұрын
i have a question what does the laborers do without kapital what kind of firm is this ?
@uama23972 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!
@lurdesrociodelahozmartinez48328 ай бұрын
Thanks 👏
@marjorieampo584 Жыл бұрын
thanks
@jasminechau668011 ай бұрын
I think you solved the TRS of the cobb douglas function incorrectly.
@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.
@joaomanoelleite17684 ай бұрын
Thanks you saved my ass
@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
Пікірлер: 19
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