Production Function Profit Maximization Problem

[@nicolasgomez5207]

My left ear enjoyed this a lot

[@arnow_arts]

No cap

[@berniedelacruz4105]

So I was trying to lend my right earphone to my friend so we can watch together ,and she said I can't hear anything. What!? Is my earphone broken🤣🤣🤣🤣

[@nicolasgomez5207]

@@berniedelacruz4105 Shit felt like a old Beatles song lmao

[@ichosethisnamefirst841]

I wouldn't have enjoyed anything had I not seen this comment. I had only put in my right earphone in

[@Explorer982]

These videos are always 5 minutes of gold. A lot of students are passing econ thanks to you !

[@StunggieThanda]

After 5 years but still perfect 📌 exams 5hours away and you just secured 7 marks for me already 🙏 Thanks 🎉... definitely subscribing 😊

[@catherinekuria7540]

I finally got what I have been searching all through the you tube

[@collinskiprono587]

This one has saved my education

[@EconomicsinManyLessons]

That's awesome!

[@VS-uh5yq]

Thank you. It is really helpful and I appreciate the clear explainations of the equations!

[@arjunjain4280]

What if inputs are perfect complements? So, production function is (min{x1, x2})^(1/2). How do you find the partial derivatives?

[@owenlin911]

what if the cobb-douglas function's exponent add up to 1.. I found that the variable canceled each other after substitution

[@arunkumarsabar7906]

Sir ,In second step where did the 2x² go?

[@juzzeilperen3883]

Thank you! This video is very helpful.

[@LavinaMadan]

Why can't we directly do mpl/mpk=w/r in this? When I did it, the result was not the same.

[@nathanpage3037]

This is because this firm is operating in the short run. That optimization principle is used in the long run, when all inputs are variable and a firm can freely exchange between both. In the short run, a variable (usually capital) is fixed so we aren't able to optimize where MRTS=wage/rental ratio

[@arunkumarsabar7906]

Sir , why was done square root of 100?

[@EconomicsinManyLessons]

At the equation around 4:17 in the video, the 100 term in parenthesis along with the X variable are all raised to the 0.5 power. Therefore, we need to take the square root of everything in the parenthesis.

[@thinthinyu7352]

very helpful, Thanks

[@shyruti]

What if we're only given the production function? How will we maximize profits?

[@Paskovitchz]

Set up the lagrangian.

[@imeldaameliaafuie8193]

Hi there, exactly why did we take the square root of 100 when we subbed it into equation b please?

[@EconomicsinManyLessons]

After the substitution, 100 is raised to the 1/2 power.

[@adamw2030]

Good video

[@alfinakhrnn114]

20*100= 200?????

[@EconomicsinManyLessons]

You need to take the square root of 100 before multiplying.

[@mkmazood1186]

Thanx

[@zelekegetnet]

Show that in the 2 inputs case 𝜕ℎ1 ∗ 𝜕𝑤2 = 𝜕ℎ2 ∗ 𝜕𝑤1 can you solve this problem?