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456 results
Finding the consumer's optimal bundle.
160,011 views
11 years ago
We start analysing utility maximisation as the optimisation problem it is, followed by a graphical analysis of the optimum point of ...
84,085 views
10 years ago
I solve this problem: Suppose a consumer is maximizing utility, where U = (1 + X)(2 + Y), MRS = 4, and X = 3. How many units of ...
6,447 views
4 years ago
This video gives an example of a utility maximization problem with a corner solution. The utility function is quasilinear, which may ...
32,224 views
6 years ago
... of each good is one dollar what is a utility maximizing consumption bundle and now we'll write the consumer's budget constraint ...
2,216 views
1 year ago
not the optimal bundle for the consumer.
2,252 views
... bring this into the window so we want to do is the objective function is our utility and we want to maximize that utility by changing.
3,525 views
3 years ago
This video shows how to optimize utility subject to a budget constraint with a perfect substitute utility function.
45,520 views
8 years ago
Describing corner solutions.
69,923 views
U= - + Y = -X-1+Y Solve for the utility-maximizing consumption bundle. Assume income is $40, Px = $4, and Py = $16.
10,666 views
2 years ago
Is this consumer maximizing their utility? Show your work using the utility maximizing rule. 2) What is the "law of diminishing ...
101,059 views
13 years ago
A standard utility maximization problem, solved by setting the marginal rate of substitution equal to the price ratio.
5,758 views
For the entire course on intermediate microeconomics, see http://youtubedia.com/Courses/View/4.
51,052 views
5 years ago
Solving for demand for good X when there is a possible corner solution.
5,911 views
Tutorial on how to calculate the budget line. Typically taught in a principles of economics, microeconomics, or managerial ...
298,203 views
This video explains how to build the Marshallian and Hicksian demand curves. We analyse Hicks' decomposition of the income ...
241,877 views
Check out the newer video for this topic: https://goo.gl/6vBt5R Mr. Clifford's 60 second explanation of utility maximization including ...
212,972 views
14 years ago
29,836 views
Segment of Price Theory lectures by Kevin M. Murphy, Chapter 1. The textbook for this course is "Chicago Price Theory" by Sonia ...
10,225 views
There's an alternative way well there are actually several ways of solving this utility maximization problem let me show you ...
1,539 views