**Correction: At 5:00 I suggest that MRTS is .3L/.7K, it should be .3k/.7L as a helpful viewer pointed out.** A viewer has a question on a problem in his book. What is the point? The answer is: Not too much. I use it as an excuse to discuss some things we should be thinking about when using Cobb-Douglas Production functions.

Link to video on Cobb Douglas Utility Functions:    • Do Cobb Douglas Utility Exponents HAV...  
My Website: http://www.burkeyacademy.com/
Support me on Patreon!   / burkeyacademy  
Talk to me on my SubReddit:   / burkeyacademy