You are overcomplicating it. My x* values are the solutions and do not have any unsolved or endogenous variables in them. They tell you x1 and x2 as functions of model parameters. This means a simple comparative static of model parameters works. If p1 changes, then the optimal x1 changes by a corresponding amount. Hope that helps.

This is incorrect. If the price(s) or income changes, the consumer's optimal demand changes through changes in all first order conditions. You need to differentiate each of the three first order conditions, then set up these equations in matrix form and finally apply Cramer's rule to solve for income or price effects.

Great Explanation, very helpfull for my course of Environmental Economics and Governance. Greetings from Cologne, Germany.

thanks a million,

Obrigado pelo vídeo!

Sweet spot = g sp*t 😂

he deserves 1M subscribers

Thank you so much, for the explanation! coherent and articulate

Thank you so much

Really nice

Hmmm, I thought that in this case there is no best response for firm 1 because it can get infinitesimally closer but under MC2 = 20 such that the infinite limit of p1 converges to 20.

Absolutely great! Thank you for sharing it with us, sir

Thanks Brother ❤❤

Hey, do you have a GitHub account? I am trying to do this with a dataset consisting of 100,000 people segmented into three groups. Wanna join?

Thankuuuuu

Fantastic! Thanks a tonne!

watching from india love u sir we respect u

Thank you soooo much , really appreciate it❤😊🎉Your teaching really helps me . Solve the problem I used a lot of time to think of .Don’t want to make comparison,but your explanation in video ways is clearer than my tutor write a paragraph explaining.😢Finally,I know how to do these questions.

amazing serie of videos for learning! :)

very helpful, thanks

What does it mean if mb is bigger than mc is it good or bad for economy or it shows free riding problem

really helpful

Thanks more

this is an amazing video, awesome explanation!

This question had been hurting my head for 1 hour plz help i legit dont know what i mdoing wrong Consider a Bertrand duopoly where market demand is P(Q)=2-3Q. Each firm faces a marginal cost $4 and a fixed cost of $6. what is one market price that can occur in a Nash equilibrium? This is the hint that is given:In a Bertrand with fixed cost, NE is when only one firm operates in the market and the other produces zero. The one that is operating produces at the monopoly price. What I did was since it says we will charge monopolist price i set MC of 4 equal to MR which is 2-6q and got -3 as Q. HELP PLZ EDIT: UPDATE A LOT OF OTHER STUDENTS IN THE CLASS ARE SAYING THIS QUESTION AS A MISTAKE OR TYPO IN IT!!!!

Thank you so much for this video! you just saved me on one of my assignments.

I LOVE YOU

beast!

You way too fast😢😢😢

Soory, why borrowing money is negative net export? I'm borrow and get money, and I have good ans services which I can sell also🤯

Thank you this was incredible and informative

good vid, used it to explain strawmanning to my lil bro.

you sir... are a life saver thank you so much king!

If we have a percentuage subsidy, the exercise as it should be carried out?

I’m watching this video as help for a problem I’m having when prepping for my micro exam, could you maybe help me out the problem is=TASK 2: Equilibrium. The demand for student apartments is given by Q=1000-P/2, while the supply is given by Q=P/2. a) Calculate the consumer surplus, the producer’s surplus, and the total surplus. b) Suppose that the rent price is set at 600 Euros by the local government. Calculate the consumer surplus, the producer’s surplus, and the deadweight loss. c) Suppose that the rent price is still set at 600 Euros by the local government, but at the same time the government pays a subsidy of 200 Euros to the owner of each house that is rented. Calculate the consumer surplus and the producer’s surplus.

How do you find optimal combination of goods using indifference curve approach?

hellos can I ask why do you double the slope?

What happens if the firms chooses quantities instead of prices and can crammers rule be use to solve this?

May I ask, Why the q became q² in -200/q²?

Makes so much sense!!!

I was completely lost till i saw your video. How on earth more people didn't post a video about this. Thank you so much sir you explained the whole situation so well!

This was excellent. Thank you sir

@MattBirch, love the video. Very useful for what I'm working on. Question though: since the R-Squared for the IV model is so low, are we still able to trust the slope coefficient and thus PED? How high of an R-Squared do we need to have a reliable demand curve?

sir, csn i ask you a question?

Hi Matt, how do we get the first term 10/N in the total cost function Lt/2N + LM + NF = 10/N + 450 + NF? Shouldn't it be Lt/2N = 90 * 4 / 2N = 180 / N? Obviously, this gives us an incorrect outcome. However, I don't know how to get to the correct answer 10/N.

Thank you thank you thank you!!!! Now I finally understand how to draw ICs. No book, no video, no tutor made this as easy as you did.

Great info- just enough to actually get up and running, and then figure all the hard stuff out later. Thanks!

very helpful！

Hello, I have ben watching your videos religiously, they are a gem. Is this whole playlist a standard IO course in order?

Thank you so much