{"type":"video","version":"1.0","html":"<iframe src=\"https://www.loom.com/embed/e5eeba37296a4c678c0475df0897a6d6\" frameborder=\"0\" width=\"1114\" height=\"835\" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>","height":835,"width":1114,"provider_name":"Loom","provider_url":"https://www.loom.com","thumbnail_height":835,"thumbnail_width":1114,"thumbnail_url":"https://cdn.loom.com/sessions/thumbnails/e5eeba37296a4c678c0475df0897a6d6-9e261b5536b2c7e1.gif","duration":1953.555,"title":"Unconstrained optimization (ECON2125/6012 week 8) Part 1","description":"In this video, I dive into the concept of constraint optimization, particularly in the context of economics. I discuss how firms can optimize their profits by analyzing demand and cost functions, and I provide a roadmap for formulating optimization problems. I also touch on the importance of understanding both local and global maximizers and minimizers. Please take a moment to review the key points and let me know if you have any questions!"}