Lecture 61 Perfect Complements

An Introduction to Microeconomics by Dr. Vimal Kumar, Department of Economic Sciences, IIT Kanpur. For more details on NPTEL ...

This video shows how to graph indifference curves from utility functions that take the general form U = min(aX, bY), where X is ...

This video demonstrates how to maximize a consumer utility function of the form U = min.(ax, by).

Introductory video explaining the graphical representation of

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

In this video I use indifference curves to maximize utility when goods X and Y are

Welcome back to Tierney #Education, where we dive deep into #economics concepts to make them accessible and ...

If we always consume alpha units of good 1 with 1 unit of good 2 (say, 2 spoons of sugar with one cup of coffee), then given the ...

This video reviews production functions given by Q = min(aL,bK). For a given output, Q*, the

this and the next episodes study utility maximization problem with min utility functions (i.e.,

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

Course Instructor - Amit Goyal How do consumers make choices when goods must be used together in fixed proportions, like left ...

This video is part of Consumer Theory.

This video shows how to create a

In this video we go over Utility Maximization with the case of a

Now let us talk about

In this video, I provide an introduction to preferences over

This video is a midterm 2 review. We go over MT2 from 2018 here as well as how to solve SE and IE in

PERFECT COMPLEMENTS UTILITY FUNCTION

U = min(x, y/3)