Managerial Economics 2.3: Supply and Demand Equilibrium

[@SYRF82276]

I read Pearson Managerial economics and strategies chap 1-3. Sir you are doing a great job explaining. I need to review some calculus and Excel. I am able to follow you and you are clear.

[@balramagnihotri3675]

Good explaining sir!!! EZ 😇😇

[@fft338]

I like your videos on the managerial economics courses. However, I never learned or was exposed to calculus or the functions of derivatives and partial derivatives. I can follow the steps in your videos, but not grasping the wisdom found in each function. I felt it necessary to drop out of a managerial economics course because of this issue. I can get through most of the economic principles on markets and structures, but the math is a problem. Please advise what steps to take to master the math found in this course. I am a young 65 plus adult studying to get an MBA.

[@nigam42]

Sir how did u find 90 on the P line?

[@sebastianwaiecon]

90 is the price that drops quantity demanded to zero. See this video for the calculation: kzbin.info/www/bejne/hZ2op5euj9l9rJI&ab_channel=SebastianWaiEcon

[@dafusion3846]

My only question is why is it when you multiply the top and bottom of Qbd/10 you don't do the same to everything else (e.g. 90) I thought you couldn't change one part of the equation without doing the same to the other variables (e.g. the stuff the other side) at around 07:50

[@sebastianwaiecon]

All I did there is rewrite that particular fraction. Multiplying both the top and the bottom doesn't actually change the equation, it just makes it easier to see how to combine terms.

[@stacyafriye4183]

why didn't you draw the supply curve from 0?

[@sebastianwaiecon]

I explained how to draw this supply curve in a previous video: kzbin.info/www/bejne/fnewYaWneJukb7c&ab_channel=SebastianWaiEcon

[@sharonquaye2342]

Did gimpa bring you here?

[@kirangill7331]

I dont understand sir

[@kirangill7331]

Ur mathimatics calculation is so difficult