Economcs Substitution Effect Economics
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i love it ...
very very very nice video ....thnx a lot for uploading
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How do we know that the indifference curve will meet the budget constraint at 14y and 3x ?
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@besionishe i also!
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Great job. And no distracting music. Thanks.
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@kkuwa13 , yes. It also should always be parallel , not intersect, and not sloping upwards.(excluding special cases).
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I can understand when theoretical concepts are used to predict output in machines, products etc. But with what confidence can we use theory to predict human behaviour? How good are these theories in the real world when dealing with real human beings as human action is determined by innumerable factors?
twelvekeys 1 month ago in playlist Managerial Economics
@twelvekeys
For example, diminishing marginal returns works with love too. If you spend too much time with a loved one you appreciate them less and it turns out that absence does make the heart grow fonder.
economicsfun 1 month ago
@twelvekeys One more thing... it is one of my goals to create animations and deal with a lot of the "economics of life issues."
economicsfun 1 month ago