Profit Maximization

Explains how to set up and solve profit maximization problems.

[shanebrennan]

thank you thank you thank you thank you thank you a millions times thank you. so grateful to have found this channel. studying micro from a textbook is literally impossible

[oneen]

Your video is easier to understand than what my prof teaches in online class. Keep up the good work! Love from Philippines!

[ecoexperts]

Great video. In 6:59 it will be clearer if it said the "slope of revenue curve"

[Mr.Eminem]

Thanx a lot... I regret paying for my tution... Love from India...

[simonsaruggia]

9:06 "I will use the first equation to solve for x2 to the 2/3", but the first equation doesn't have x2^2/3. It only has x1^-2/3 and x2^1/3

can you please help me?

[Madhavsinha]

At 11:27, Shouldn't the equation for factor demand for x1 have w1^2w2 in the denominator?

[simonebarents]

Another question about an equation! :) How does it work at 6:15 when taking X2^1/3 out... Why does the W1 get caught in the division and turn into 3W. I have looked at it over and over again... but I do not get it. Thank you in advance! :)

Also... maybe it might be good for such equations to be at the middle of the page/ top of the page... Lay-out wise. Because now, when I pause the it to take extra time to figure it out, the red 'play' line goes right through it... Makes it harder to read it.

[LRyt]

Hello
Is it possible to make a video on how to calculate the profit max in the short run with cobb douglas ?

[mhdlamin]

Hey Ms.Carson, I have a quick question about the methodology. I am using this same method that you have used in the video yet I am still not sure what method it is. At the beginning i thought it was the lagrange multiplier. Could you let me know what the method is called please

[sagarkumawat]

Ma'am why u r not posting videos of other chapters...like uncertainty and all from HL Varian book?

[josecarlosgrizendi]

Mis Carson sorry but if you work with wi / w2 you will enter x2 / x1 soon the optimal value will be
x1 = p ^ 2/3. (w2 / w1) ^ 1/2 which remains if w2 increases x1 increases and if w1 increases x1 decreases

[handler]

Love from India. Hope u put up more videos.

[LaksanSakthiruban]

Hi, at 9.16 where you wrote X2^2/3. and then you squared it all, I don't understand the power of 2/3. can you please explain that

[diamonddogsgaming]

Miss carson, what would be the best way to contact you if I still have further questions? I don't see an email here? Would greatly appreciate your immediate response thank you.