Example Problem Optimal Input Decision

okay let's look at

This videos describes how to produce a given level of output by choosing the cost-minimizing quantities of labor and capital

Example

You can buy this material for $1 as a ppt here: https://gumroad.com/l/RTqlM This material shows how to so solve a simple

Let us solve a maximization

This video is a part of "How to solve?" videos and deals with

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MIT 14.01 Principles of Microeconomics, Fall 2018 Instructor: Prof. Jonathan Gruber * View newer version of the course: ...

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Decision

I explain the idea of fixed resources and the law of diminishing marginal returns. I also discuss how to calculate marginal product ...