Cost Minimization Exercise

[@sdlock83]

Finally!! Someone that actually explains this concept using the different production functions instead of always using the more complicated Cobb-Douglas!

[@sweetspringrain7215]

Thanks a lot!

[@MrJingerman]

Hey which program are you using to draw these excercises? Great video btw, super helpful!

[@sebastianwaiecon]

I am using Windows Ink with a Wacom tablet.

[@maaw07]

Tnx dude, it really helped me!

[@vigneshseetharaman7557]

Could you please help me out to draw a iso cost and iso quant line with any of the production function and show some examples for kink line too

[@akhaylinrajagopaul5499]

How did you know to use K^(2/3)L^(1/3) for the Cobb-Douglas function? @3:38

[@sebastianwaiecon]

That was given in part C of the exercise, which is shown at the beginning of the video.

[@guizaum9219]

Is this worth for the long term as well?

[@sebastianwaiecon]

This video assumes long run because you can choose values for both inputs.

[@guizaum9219]

@@sebastianwaiecon ooh makes sense, thank you for the videos

[@asdcsd2682]

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