How to find the profit? I have the same question at school, but confusing to find the profit because the TC is unknown. Only the demand function and MC are known (exactly like your video).. Thank you
Hi Ashley, I love economics, but I do so bad with math in economics. I was wondering if you have a recommendation that would help me to study math for economics and finance in a better way. I really would like to master economics, so any advice help
Question for the equation: 96-2Qb-4Qa=0 why did you drop the Qa from the previous equation where it was 96Qa-2QaQb-2Qa. Please help!! Thank you so much. You should teach my class lol
I Have An Exam On Tuesday. And The Way You Teach Is Amazing
Great video, but I think that you should not skip the algebraic process
Thanks, Emma Stone ; )
she looks like katty perry
I was following up until the FOC and then the algebra stopped making sense to me?
Very good Video!! No Finance BLabla just simple algebra, which makes perfect sense:=)!!
Ashley, thank you so much!! It was really really helpful and easy to understand.
Wow incredible description. Thanks a lot!
Here you can also instead of plugging the best reaction into the other firms reaction is to just set both Qb=Qa=Q* since it’s identical firms.
What if I've 2 MC that are different, like MC1=10 and MC2=16???
The problem would not be symmetrical then, you'll have to solve for profit maximization for both the players differently
Great videos. Succinct and clearly explained - Thanks for these.
Thank you Miss. And you're beautiful.
How to find the profit? I have the same question at school, but confusing to find the profit because the TC is unknown. Only the demand function and MC are known (exactly like your video).. Thank you
TC = MC*Q because you differentiated TC to get MC so integrate MC to get TC w.r.t Q
Do u know how to find MC if i have only TC(q1)=q1^2 and TC(q2)=q2^2, or even TC(q2)=15q2+q2^2 at the task
You literally just saved my life :O
what does it mean by taking the F.O.C? Why do I get the "Best response function of QA and QB" by doing that?
Hi Ashley,
I love economics, but I do so bad with math in economics. I was wondering if you have a recommendation that would help me to study math for economics and finance in a better way. I really would like to master economics, so any advice help
thank you
i might be stupid but how did you get 16? not sure how to solve the equation
And the 24-1/2 Qb how did she get
QB= 24-12+ 1/4QB | -1/4QB
3/4QB = 12 | *4
3QB = 48 | :3
QB = 16
Great vid. Thanks so much!
What if both firms cost function are given and the requirement is to find the Quantity that maximizes the duopolist profit??
What do you mean by duopolist profit. You mean if they collude what is the maximum profit?
You're amazing!! Thank you!!
hard to understand, because of skipping the important lines
try to do an example having algebraic letters only
Question for the equation: 96-2Qb-4Qa=0
why did you drop the Qa from the previous equation where it was 96Qa-2QaQb-2Qa.
Please help!! Thank you so much. You should teach my class lol
thank you for the video!
you jumped the FOC step which i dont understand how you did
Q1=12+0.25Q = Q1-0.25Q = 0.75Q/0.75 =12/0.75 = 16.Anyone wondering how she got the 16 I was confused in the beginning
Well Done.
helped a lot, thanks
Thanks Ash
Thank you.
Thanks a lot!!!!!!!!