The Production Function, Finding the Wage Rate, Rental Rate, and Labor's Share of Income

[@Nilknarf2311]

You just saved my life.

[@economicurtis]

at 18:25 Thank you for the comment - you are correct! (and youtube is preventing me from ansing your question with mathematical notation!) d/dK(K^0.5) = K^(0.5-1) = K^(-0.5) ! (I wrote in error K^(1-0.5)... sorry, and thank you.) However, the final answer is correct. Since K^(-0.5) = (1/K)^0.5

[@Nobody-kg8md]

Don’t tell my professor that you explain setting up equations better than he does

[@Leonar12345]

with MPL, it should be 0.5-1 when you derive, not 1-0.5 just thought I'd let you know :) these videos are saving my life right now, thank you so much

[@wsas33]

+Leonar12345 the general form is alpha-1 then?

[@Leonar12345]

wsas33 I'm sorry, I finished school so I don't remember any of this haha

[@wsas33]

+Leonar12345 didn't even see that it was 10 months ago and the answer was below haha, cheers

[@Anthony_Mtatiro]

You're right bro👍

[@economicurtis]

Thanks Darell! I appreciate the feedback to help ensure I'm clear in communicating the steps I take. (And I'm not sure how your comment got marked as Spam before I could see it. That's kinda weird)

[@victormireles4316]

Dammit good video, you save me from a bad homework

[@Ytremz]

economicurtis @1:28 You said K^1/5*L^1/5... as well as various other times throughout the course of the video... perhaps you should throw an annotation up to correct this?

[@wrjazziel]

00:32 I thought I needed better glasses really bad LOL... JK... thanks for this video!

[@economicurtis]

Word. Microsoft Word. I think from 2007 forward, they introduced an equation editor that's easier to use than LaTeX (you can type WYSIWYG, you can create your own short-cuts to math symbols you often use -- however you're stuck with their math font). Then I just zoom in for the video And then at the end of the video, I have nice set of notes to use for then I go over the material in lecture!

[@saithiha525]

thank you so much it is very useful

[@XxLiinaa528xX]

Very useful, thanks

[@alleliteeric5057]

Thank you so much

[@johannesvaasalainen7075]

can someone tell me what is the software he used for typing here?

[@XxLiinaa528xX]

So P in real wage is 1? or is it the value of the factor of production L or K

[@janmarquietenorio5626]

u been saving my ass fr thanks LOL

[@jacobwonjinkim3472]

Thx a lot very helpful

[@conorehrenstrom6829]

Thank you so much!!

[@aaronfuchs221]

how do you solve c?

[@economicurtis]

In the next video kzbin.info/www/bejne/eV7Gq4NjiJponsk

[@AnkitRajput-sg5fd]

hey, can i get a vedio like this on chapter 17 investment function frrom mankiew 8th edition by the way, its really helpful :)

[@economicurtis]

hmm?

[@limoszin]

U didn't finish all the equation

[@sojournsojourntraveler1203]

This over complicates simple realities in life and tries to quantify an argument to whoever.

[@wrjazziel]

Thank you soo much!