B.5 Isocosts | Production - Microeconomics

Learn more: www.policonomic...
Spanish version: • B.5 Isocoste | Producc...
This video shows what isocost lines are, and how important they are when analysing production. We start learning about the budgetary restriction they represent, and explain what happens when the cost of inputs change.
Related videos:
-Production function: • B.1 Production functio...
-Budget constraint: • A.5 Budget constraint ...
Related articles:
-Production maximisation: www.policonomic...
-Isoquants: www.policonomic...
Thank you for watching!
www.policonomic...
Learn, and enjoy!

[@Policonomics]

This week's featured video explains what isocosts are, and how to use them when analysing production. kzbin.info/www/bejne/rqTMlK2LnMx2p5Y Learn, and enjoy!

[@pranavtelukunta3309]

Short and simple, yet so understandable. TQ !! 😄

[@emt9103]

May I ask that what kind of programme did you use to move the green triangle upward and backward? It is a very smart way of illustration. Can it be made by using PowerPoint animation? Which programme did you use?

[@TheSinghisnotking]

Thanks a ton, very helpful

[@Policonomics]

Thanks Shourya Sanyal ! We'll be uploading new videos shortly, we hope you'll like those too! Thanks again, The Policonomics Team

[@mogesk.m5445]

10Q so much. Amazing performance

[@我是你二爷]

very helpful！love watching

[@Policonomics]

Thanks +Derek _hara !

[@diontaedaughtry974]

Excellent

[@roundersproduction]

Helped alot Thnx 👍

[@mudiojas]

short and understandable

[@shainaversi4159]

so easy to understand! well done.

[@Policonomics]

Thanks +Shaina Versi ! This week, we'll start a new video series on cost analysis. We hope you like those too! Thanks for watching, The Policonomics Team

[@Policonomics]

Dear +Shaina Versi , We just uploaded our fourth video to our series on Game Theory. It's about the Battle of the Bismarck Sea, we hope you find it interesting! kzbin.info/www/bejne/aHWniqeaaqt3i80 If you like it, spread the word! Thanks for watching, The Policonomics Team

[@shainaversi4159]

***** Yesss. Loved it. I would love to see a video about the potential economic growth and actual economic growth and positive output gap & negative output gap according to keynesians and monetarists. I really am confused. Your help will be much appreciated 😊

[@Policonomics]

Dear +Shaina Versi , Thanks for your kind words! Regarding your request: at the moment we are focusing on Microeconomics, and there's plenty to come, mainly market structures and welfare economics. Since making these videos turns out to be very time consuming, we don't think we'll be able to start with Macroeconomics until 2017. We'll keep you posted! Thanks for watching, The Policonomics Team

[@shainaversi4159]

***** Oh okay no problem. I'll be done by 2017 haha. I have my CIE's this year. But yet, i'll watch it and review! Keep up the good jobb!

[@amszontibibi9043]

Good

[@amszontibibi9043]

Cool