Thanks, I just came across an isoquant model (?) for the first time in Robert Allen's book The British Industrial Revolution in Global Perspective, which I recommend. If I've understood it correctly, Allen's model says that firms would only use new technologies like coke smelting if they lowered costs, and that was only possible in a country that had high labour costs but cheap capital - like England. I still don't understand all the ins and outs but this definitely helped.
Thanks, I just came across an isoquant model (?) for the first time in Robert Allen's book The British Industrial Revolution in Global Perspective, which I recommend. If I've understood it correctly, Allen's model says that firms would only use new technologies like coke smelting if they lowered costs, and that was only possible in a country that had high labour costs but cheap capital - like England. I still don't understand all the ins and outs but this definitely helped.
seriously thanks so much Mike. I only wish you were my professor instead of this dingbat I currently have.
Brilliantly explianed with great clarity! Thank you!
Am an economist❤ And this is helpful
Thanks so much for this outstanding video
If slope is equal to perpendicular/base
Then here why we r taking opposite of it .I.e w/r
Plz answer this
This was extremely helpful , Thank you sir !
This is insanely amazing. Thank you Mike! :D
This is well done. Thank you.
Thank you this was very helpful and informative 👍👍
Really very helpful . Thank you !!
do u still answer questions sir
This is easy to digest. Thank you.
Thanks!! I understand!!! I don't have to do the calculus tho, we use MS solver.
very useful, thanks much
Very good explanation :)
This guy sounds like Bruce Wayne!!
This so much helpful...
really it's very helpful, Thank you lot
Very useful thank you
Thanks!
thank you
THIS IS AWSOME
thank you. this is very helpful :)
Yes
very fine
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