Isoquant basics

[@Cleisthenes2]

Thanks, I just came across an isoquant model (?) for the first time in Robert Allen's book The British Industrial Revolution in Global Perspective, which I recommend. If I've understood it correctly, Allen's model says that firms would only use new technologies like coke smelting if they lowered costs, and that was only possible in a country that had high labour costs but cheap capital - like England. I still don't understand all the ins and outs but this definitely helped.

[@HeddyGG]

seriously thanks so much Mike. I only wish you were my professor instead of this dingbat I currently have.

[@mihaililiev5932]

Brilliantly explianed with great clarity! Thank you!

[@sarahmatchado6705]

Am an economist❤ And this is helpful

[@profusionfitness]

This was extremely helpful , Thank you sir !

[@abelteguia1003]

Thanks so much for this outstanding video

[@rakibulislamarafat6970]

This is insanely amazing. Thank you Mike! :D

[@dantesanford7065]

This is well done. Thank you.

[@Nemophilist1990]

Really very helpful . Thank you !!

[@diontaedaughtry974]

Thank you this was very helpful and informative 👍👍

[@kannutannu1984]

Very good explanation :)

[@ibraheemmohammed2978]

This is easy to digest. Thank you.

[@Beaconofhope313]

If slope is equal to perpendicular/base
Then here why we r taking opposite of it .I.e w/r
Plz answer this

[@davidsonlakau2535]

very useful, thanks much

[@Tiptup2000]

Very useful thank you

[@sokevinwaslike]

This guy sounds like Bruce Wayne!!

[@livingoutloudincteniel]

This so much helpful...

[@hunter11000]

Thanks!! I understand!!! I don't have to do the calculus tho, we use MS solver.

[@ysabellevillaraza2572]

thank you. this is very helpful :)

[@rsadsultanov3071]

Yes

[@venkatpadala7409]

really it's very helpful, Thank you lot

[@Chriscx]

Thanks!

[@nazirbashir6689]

THIS IS AWSOME

[@Jennifer-y7y]

thank you

[@jamesfifa9974]

do u still answer questions sir

[@dhirajkumar7505]

very fine

[@snehasatish791]

boringggggggg