Policonomics.com is an online dictionary about economics and its relation with politics. We know there are many websites that may seem alike on the Internet, simple economics dictionaries. However, we believe that the way in which the information is shown, or the fact that Internet users want to avoid excessive or misleading information, is just as important as the information sought.
Policonomics was created for you to get the information you seek rapidly, as well as having the possibility to go further, but only if you consider it necessary. We want you to consider this an easy-going, user friendly and reliable dictionary.
We have another channel with all our content in Spanish, go check it out! @PoliconomicsES
Learn, and enjoy. 🅿
Пікірлер
I love you guys keep it up generals 😊
amazingly simple explantion. thanks a lot
bruhh not one video explains what the coma means why do they do shit like this
What is a "collision agreement"? Never heard of people agreeing to collide? Are you referring to the game of "Chicken"?
Thank you, it was very helpful, and it made my understandings of curves a lot better, I'm a subscriber now.
Thanks for simplifying it
2024?????
Very easy to understand. The world needs more people like you who can teach in simple ways. Thank you!
Could you please say the source from which you are referring particularly the extensive margin and intensive margin
GOOD JOB
Thanku❤
Excellent
I thought that after cross event point (section III) it doesn’t make sense to produce as the variable costs are increasing rapidly. Doesn’t the third segment represent the part where MPl is negative?
omg in 5 minutes you explained something my teacher couldn't explain in 3 hours
Im still confused, what happen to the curve for X2?
Maximazing production or beenftis ¿?
Thank you very much
Briefly and clear explanation. Thank you
It is like x1 price decreased, so i can have the same utility but at less price that is good. (Substitution effect). But why should i stay at that utility i have more purchasing power or more money so lets get a higher utility. (Income effect). Right?
And at the subsitution case, decrease x2 to increase x1 that is why it is called substitution. While at the income case, we just increase x1 and x2 to reach higher utility using the income or purchasing power that is why it is called income effect.
The addition is definitely not super helpful here. I will say negatives make sense for the prisoner's dilemma if you think of the "payoffs" as something like "years in jail" or "size of the fine you receive" where you want the smallest negative numbers, but the payoffs are all bad and you are trying to get the least bad outcome. That is pretty common for the Prisoner's Dilemma.
they need to bring back visible dislikes
Thanks for sharing this information! As some other commenters noted, I don't think the normal form representation is quite right, since this is a sequential game with perfect information. But it was still an interesting discussion.
Thanks amillion.
Ur approach is so fantastic. keep it up.
10Q so much. Amazing performance
Please clear explanation
Wonderful!
Great explanation, thank you
But you can use the matrix for imperfect information (one subgame, or merging player 2's subgames).
Beautifully explained
Fxxkin great❤
god...why my Nash equilibrium is(up,left)
Nice explanation
thankyou so much, may God bless your life
Both man and moman have no dominant stratagies
Thanks to the infinity for this video. Clean, precise, to the point. 💜
Please help me calculate this problem Suppose the production is given as Q= F(56L^1/2 -12L+K^2+400)where the value of K=5unit then calculate elasticity of input at total output maximizing level of input
Thank you
Given utility function u(x1,x2)=max(@x1,Bx2), find mariginal rate of substitution
A tutorial of wrong teaching, nice.
Thanks
Excellent. Thank you from Paris.
I love how precise the interpretation was
THANKS
When the function is constant, can we say MRS doesn't change too as we move along to the curve ?
Constructively there is some snippets of wrong information in this video which should be addressed within the video as some people will be relying on these for revision whilst in Uni or school etc, this is a good channel but this isn't a great video find a different one students!
I have an intermediate micro quiz this morning and this has helped my understanding a great deal!
even a graph makes me think of her :(
her marginal rate of technical substitution had my isoquant at 0
best statistical economics channel I have come accross
Can the Hicksian substitute effect be used to discribe a perfect complement preference?