Econ 410 Perfect Substitutes Corner Solution

ECON 410 Perfect Substitutes (Corner Solution)

Shows how to determine optimal bundle in case of

Suppose the utility function for the consumer takes one of the following forms: (i) U = 50x + 20y (ii) U = 20x + 50y (iii) U=80x + 40y ...

Corner solution

Corner Solution

Hi Everyone in this video I go through a practice problem where I solve for the optimal consumption bundle when we have

Exploring consumer theory, this video discusses '

In this video I explain the concept of

This video is made for Practice Midterm 1 of the course

ECON 410 Perfect Complement Indifference Curve

In this video I give some intuition as to how standard utility assumptions ensure an

A discussion of utility functions of the form U = aX + bY.

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This video gives an example of a utility maximization problem with a

The situation of

... that still intersects our isoquant all right so for

In this video, I demonstrate how to draw indifference curves when a consumer has

... minus one so this is the example of a

For the entire course on intermediate microeconomics, see http://youtubedia.com/Courses/View/4.