the lagrangian method is often introduced in intermediate microeconomics. it's a very math heavy method, but incredibly useful. this video walks through the lagrange method in general.
Really like how you made this. Talking to camera, using the iPad, it is so clear. I remember having to make videos during the pandemic (not any more, thank goodness) and it is really hard to do it this well. All the best with your PhD :)
Please please please please 🙏 😢 make more videos because u have to ma'am. There are not so many like u. You are meant to teach ma'am what a wonderful teacher so rare these days 😢 people have big names only not the skills. Cannot just loose u just like that please ma'am come back 😊
So if there is a minimization problem do we use f'(x) minus g'(x)=0 Whilst maximization problem do we use f'(x) plus g'(x)=0? f'(x) being the derivation of objection function, whilst g'(x) being the constraint function? i.e. maximize problems for maximizing profit, minimize problems for minimizing cost.
