You know the feeling of opening a dial lock after desperately working it for hours with a variety of incorrect combinations? That's how watching this video felt. Thank you so much for this.
Generally, larger production firms do estimate production functions to estimate the marginal productivities of inputs and use this information to determine the appropriate mix of the inputs.
professor wants us to have a firm understanding on steeper-shallower slopes alongside the greater/less than MPK/PK and MPL/pL... so if MPK/PK > MPL/PL then we're at point 'C' in the graph of the video and the isoquant curve's slope is shallower than the slope of the isocost curve.
What are the calculus to minimise cost when the price of labour is 40 and price of capital equals 1.000? You can't simply put it in the graph as you did without knowledge
This is the simplest explanation I have ever received. Thank you!!
You know the feeling of opening a dial lock after desperately working it for hours with a variety of incorrect combinations? That's how watching this video felt. Thank you so much for this.
You are welcome.
Brilliant, I finally got the relationship between graph, math and concept.
Why is it so hard for teachers to explain simple stuff like this?..
Yeah
Seriously.
they are dumb
because smart people go work in a private sector and public sector remains for those not the sharpest in a shed
I love this tutorial! Very clear and helpful!
+Jana C Glad it was of help.
2022 and still vigent! Amazing explicative video, thank you Guy Pascale.
Thank you so much! Had such a hard time with this.
Very helpful and easy to understand Thank you !!!
This is a great and clear explanation. Thank you!
Great thanks for the video!
Before and after watching it, you will make the difference beyond any doubts.
Cheers!
I appreciate the kind word.
You are a work of art. Thank you, thank you!
Explained in a very simple manner .. thank you !!
You are welcome.
It's a brilliant explanation! Thank you so much!!
thank you so so much for this i finally understand isoquants
hello from Turkey. thank you for teaching so simple.
You are welcome.
This video is such a saviour. Thankyou.
You are welcome.
Very brilliant and easy explanations used..
Great video! Thank you sir.
Extremely awesome demonstration
Thanks.
Thank you so much, you explanation has helped me a lot. ❤️❤️❤️❤️❤️
perfect and nicely explanation sir..u have very sharp knowledge on it....keep it up.
Helped a lot thank you, much clearer than my text book, are there any expansion paths videos you can recommend watching?
It's really a helping hand video. Thank you very much sir.
Glad to help.
Wow man...you r very good... thanks for helping us.... thanks a lot ☺️
You are welcome.
Very good explanation.. thank you sir
best explanation ever
so helpful thank you
Easy to understand, thank you!
Beautifully explained thank you ❤️
Thank you so much
getting me through uni thank u
very helpful in my study base
This is helpful , thank you so much !
You are welcome.
Great
Perfect teaching
Thanks Sir 👍
galing nak
Thanks
cool. My question would be does any firm in the real world uses any part of these model to decide anything?
Generally, larger production firms do estimate production functions to estimate the marginal productivities of inputs and use this information to determine the appropriate mix of the inputs.
This helps a lot!! Thanks!!
Thanks !
At least, it is better than what my professors taught!! However, I got confused when you explained about point A and point C.
help me poin A nd C
awesome sir........
Amazing video!
Awesome sir
Wow.. incredible video
Thanks.
Very helpful😍
you are an angel
Not so sure about that but thank you.
Why did you say that productivity of lab is greater than that of cap at point A?
If u could have been my teacher life could have been easy for me
professor wants us to have a firm understanding on steeper-shallower slopes alongside the greater/less than MPK/PK and MPL/pL... so if MPK/PK > MPL/PL then we're at point 'C' in the graph of the video and the isoquant curve's slope is shallower than the slope of the isocost curve.
i guess that's because we are working in quadrant 1 so the shallow/steep rule makes sense
Very helpful
You're welcome.
i love you
awsome
wan thank for you
chheers mate
What are the calculus to minimise cost when the price of labour is 40 and price of capital equals 1.000? You can't simply put it in the graph as you did without knowledge
you also need the output
These comments are obviously fake. Are you even Guy Pascal?
?????
Why are you worried about that, just watch the video and learn something
fking mal amk
Thank you so much
very helpful in my study base
very helpful in my study base