Puking_Pasties

This video gives an example of a microeconomic model of Fred and George Weasley's decision about how many people to test their Puking Pasties on. It includes the following concepts:
*Choice variable
*Benefit - cost model
*Diminishing marginal benefit
*Increasing marginal cost
*Exogenous variable

[oreki]

Very interesting way to .... present this really liked it ...keep it up

[onurkpolat]

Very interesting lecture. I am now interested in learning more of microeconomic theory :)