Hey there, 👋 I'm Musa. I am graduate with a Master's Degree in Economics. I am the founder of Cotual LLC, a digital marketing company. On the side, I create beneficial videos and write books on topics relating to Economics and Mathematical-economics.
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What is the rationale behind deciding the quantity of televisions and the quantity of burgers? Why taking into account the prices of only 3 televisions and not 9 televisions for instance? I know that yours is an example but I'd like to know how a government decide the quantity of the goods to put in the basket. Thanks
Thank you for your detailed presentation which was enjoyable. However, you have a formula error throughout the presentation. The formula is +177Q you used -177Q through most of the presentation. Otherwise, a good effort.
2. Ralem Enterprises Ltd is a firm producing leggings and fittings and its faced with a cost function of ; TC=1/8Q3-4Q2 +20Q+40, given the value of Q as 20,calculate the following i. VC ii. MC iii. AFC iv. AVC v. ATC
