video1.0<iframe src="https://www.loom.com/embed/e5eeba37296a4c678c0475df0897a6d6" frameborder="0" width="1114" height="835" webkitallowfullscreen mozallowfullscreen allowfullscreen></iframe>8351114Loomhttps://www.loom.com8351114https://cdn.loom.com/sessions/thumbnails/e5eeba37296a4c678c0475df0897a6d6-9e261b5536b2c7e1.gif1953.555In 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!