The Midpoint Formula for Elasticity *Microeconomics*
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3 жыл бұрынWe compare the "normal formula" to the "midpoint formula" to help visualize the differences, and do a couple of examples.
These videos are part of a complete set of full-length lectures on Introductory Microeconomics (Using McConnell, Brue, & Flynn). See the course with handouts at
www.burkeyacademy.com/microec...
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Introductory Microeconomics, Elasticities
@Aim4sixmeals 3 жыл бұрын
Easy way to remember is ‘Quarter Pounder’
@BurkeyAcademy 3 жыл бұрын
Personally I think it is easier to remember that the first word always goes on the bottom- works for all elasticities!
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