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

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  • Опубликовано: 24 ноя 2024

Комментарии • 29

  • @economicurtis
    @economicurtis  12 лет назад +5

    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

  • @Leonar12345
    @Leonar12345 9 лет назад +18

    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
      @wsas33 8 лет назад +2

      +Leonar12345 the general form is alpha-1 then?

    • @Leonar12345
      @Leonar12345 8 лет назад

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

    • @wsas33
      @wsas33 8 лет назад

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

    • @Anthony_Mtatiro
      @Anthony_Mtatiro 2 года назад

      You're right bro👍

  • @Nobody-kg8md
    @Nobody-kg8md 6 лет назад +18

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

  • @economicurtis
    @economicurtis  12 лет назад

    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)

  • @Nilknarf2311
    @Nilknarf2311 9 лет назад +4

    You just saved my life.

  • @victormireles4316
    @victormireles4316 Год назад

    Dammit good video, you save me from a bad homework

  • @wrjazziel
    @wrjazziel 4 года назад +1

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

  • @alleliteeric5057
    @alleliteeric5057 2 года назад

    Thank you so much

  • @economicurtis
    @economicurtis  11 лет назад

    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
    @saithiha525 10 лет назад

    thank you so much it is very useful

  • @XxLiinaa528xX
    @XxLiinaa528xX 10 лет назад

    Very useful, thanks

  • @jacobwonjinkim3472
    @jacobwonjinkim3472 10 лет назад

    Thx a lot very helpful

  • @conorehrenstrom6829
    @conorehrenstrom6829 8 лет назад

    Thank you so much!!

  • @priscillasue5228
    @priscillasue5228 7 лет назад

    Thank you for this :)

  • @janmarquietenorio5626
    @janmarquietenorio5626 3 года назад +1

    u been saving my ass fr thanks LOL

  • @Ytremz
    @Ytremz 10 лет назад +3

    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?

  • @johannesvaasalainen7075
    @johannesvaasalainen7075 3 года назад

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

  • @XxLiinaa528xX
    @XxLiinaa528xX 10 лет назад

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

  • @aaronfuchs221
    @aaronfuchs221 10 лет назад

    how do you solve c?

    • @economicurtis
      @economicurtis  10 лет назад

      In the next video
      ruclips.net/video/C-czP-S55hg/видео.html

  • @AnkitRajput-sg5fd
    @AnkitRajput-sg5fd 3 года назад

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

  • @economicurtis
    @economicurtis  11 лет назад

    hmm?

  • @limoszin
    @limoszin 11 лет назад

    U didn't finish all the equation

  • @sojournsojourntraveler1203
    @sojournsojourntraveler1203 5 лет назад

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

  • @wrjazziel
    @wrjazziel 4 года назад

    Thank you soo much!