Eco-Cook | Level 4 πŸ“š
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The channel is targeted for level 4 Economics and its pathways and Finance students. βœ…

Founder and Leader: @MuslimaIkromova πŸ’•
Chief Advisor: @seva_karimova 🌟

By @Exam_Cook πŸ’™
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Forwarded from EXAM COOK (Ξ‡Ω π‘€π‘’π‘ π‘™π‘–π‘šπ‘ŽΩ Ξ‡)
Level 4 Math for Economists Revision #Reminder πŸ””

See you all, dear Economics students in Harvard room, at 11⁰⁰

It's time to cook MfE 🍳

π‘΄π’–π’”π’π’Šπ’Žπ’‚ π‘°π’Œπ’“π’π’Žπ’π’—π’‚
🌟 𝑬𝑿𝑨𝑴 π‘ͺ𝑢𝑢𝑲 β™₯️
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Recording of Webinar 3

#Exploring_Economics

πŸ™‚ 3rd Topic: Lecture slides and Seminar questions analyzed βœ…

Note: There were some technical issues in between, consider skipping those moments.


π‘Ύπ’Šπ’•π’‰ π’ƒπ’Šπ’ˆ 𝒉𝒆𝒂𝒓𝒕,
π‘΄π’–π’”π’π’Šπ’Žπ’‚ π‘°π’Œπ’“π’π’Žπ’π’—π’‚
🌟 𝑬π‘ͺ𝑢𝑷𝑨𝑻𝑯 𝒍𝒆𝒗𝒆𝒍 4 community
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Ready for Exploring Eco Topic 4 analysis?
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Today:

Exploring Economics

Topic 4, 5, 6 will be covered inshaAllah βœ…
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is screen visible?
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TOPIC 4: Consumer Theory 2
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Clear with Price-consumption and Demand curves?
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30k sums -> good lunch in ATB canteen
60k sums -> great lunch in ATB canteen
120k sums -> restaurant
Langrange multiplier
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price or income?
No questions on MCQ? (Seminar 4)
Eco-Cook | Level 4 πŸ“š via @pic
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15k -> 30k

will u keep buying from this brand?
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Discussion question
All discussion questions of seminar 4

inelastic -> basic need, less alternatives to switch

elastic -> a specific brand, lots of substitutes
Question 12. Seminar 4
Question 13. A
Question 13. B
Question 13. D and E
Elasticity >1 -> Revenue is increasing

Elasticity <1 -> Revenue is decreasing

Elasticty = 1 -> revenue=maximum
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