wow, your lecture is so good, but I have a curiosity from the question that tells the equation for demand is p = 10 - 0.001x. So, if you want to applied it in real life, how to create the demand equation? From this example, what is the meaning of this demand equation?
i enjoyed the lecture a lot and your explanation as well. can you please a video on Application of multivariate partial differential calculus to Economic if you dont mind?
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ty so much in india no one mada a video on this topic
wow, your lecture is so good, but I have a curiosity from the question that tells the equation for demand is p = 10 - 0.001x. So, if you want to applied it in real life, how to create the demand equation? From this example, what is the meaning of this demand equation?
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Wow this video makes math really fun!
4 mins of this video is worth 5 videos
i enjoyed the lecture a lot and your explanation as well. can you please a video on Application of multivariate partial differential calculus to Economic if you dont mind?
Need more of your assistance.thnks alot
you are perfect
Thank you
How did you get the 5000
How to create demand equation? and why we put marginal Revenue and Profit equals to "0"?
It is setting the derivative of the profit to zero, which is the slope. When the slope is 0, this equation is at its highest point.
@@jackwylie7668 Great answer. We set it to 0 to find the amount of the 'x' and the 'p'
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@@beoptimistic5853 ur video is private maam. I would like to know too
Book name?
ua-cam.com/video/XPCgGT9BlrQ/v-deo.html 💐
Isn't the 5,000 in the first problem always gonna be a max?
No, it is only will be the max revenue, different from profit. profit is diff from revenue.