Production Function Profit Maximization Problem

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  1. Economics in Many Lessons
  2. maximizing profit from a production function
  3. how to maximize profit with production function with two inputs
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Комментарии
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These videos are always 5 minutes of gold. A lot of students are passing econ thanks to you !

Explorer
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After 5 years but still perfect 📌 exams 5hours away and you just secured 7 marks for me already 🙏 Thanks 🎉... definitely subscribing 😊

StunggieThanda
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Thank you. It is really helpful and I appreciate the clear explainations of the equations!

VS-uhyq
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I finally got what I have been searching all through the you tube

catherinekuria
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what if the cobb-douglas function's exponent add up to 1.. I found that the variable canceled each other after substitution

owenlin
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What if inputs are perfect complements? So, production function is (min{x1, x2})^(1/2). How do you find the partial derivatives?

arjunjain
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Sir, In second step where did the 2x² go?

arunkumarsabar
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Thank you! This video is very helpful.

juzzeilperen
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Why can't we directly do mpl/mpk=w/r in this?
When I did it, the result was not the same.

LavinaMadan
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Sir, why was done square root of 100?

arunkumarsabar
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Hi there, exactly why did we take the square root of 100 when we subbed it into equation b please?

imeldaameliaafuie
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What if we're only given the production function? How will we maximize profits?

shyruti
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Show that in the 2 inputs case
𝜕ℎ1
∗
𝜕𝑤2
=
𝜕ℎ2
∗
𝜕𝑤1 can you solve this problem?

zelekegetnet