Managerial Economics 4.3: Cost Minimization

[cartilo]

Straight to the point and easy to follow, thank you.

[seanight]

Man. You are goood 👍🏻 clearest video I’ve seen and I’ve seen a lot!

[DrewKlauber]

When moving (K^1/2)*(L^1/2) to (1/2*K)/(1/2*L). How did you make this transition, were you taking the derivative of the original production function? Also if you were just taking a derivative then wouldn't there be other byproducts such as the -1/2 on both from the minus 1 in the exponent? Lastly if you were doing this problem and you had a coefficient on the production function how would you handle integrating that into the overall solution? I am not trying to show your work as wrong but I am struggling with applying it to other problems. This video is really great, I don't think I've seen a more simple and at the same time comprehensive description of these subjects.

[kapitan]

i have a question what does the laborers do without kapital what kind of firm is this ?

[WhomstIndustries-dyjc]

Is this normally taught in Managerial Econ undergrad courses? This is intermediate micro at my uni so I thought the managerial Econ course for business majors would just be intro to micro.

[uama]

Hi there! Thank you for making this video. I'd like to ask you something. What happens to the isoquant and isocost when the prices of K and L increases?

[shineselorm]

Please are the 160 and 200 for the C arbitrary numbers ? And if yes will they be given in a question ?

[florencebenye]

I am completely lost😥, I have no background in Economics but I have to learn this for my management class. How did you arrive at 80 and the 20?

[rishabhaditya]

How can del.K/del.L= Mpl/Mpk = MRTS as MPL is del.L/Del. Q& mpk is Del. K/Del. Q

[jasminechau]

I think you solved the TRS of the cobb douglas function incorrectly.