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Consumer Utility, Marginal Utility, and Marginal Rate of Substitution

This video examines 5 different utility functions, deriving their corresponding marginal utility functions and solving for the marginal rate of substitution.

Пікірлер: 59

  • @stephentran16
    @stephentran16 Жыл бұрын

    This many years later, you sir are still helping students with their homework.

  • @ramdevgiri911
    @ramdevgiri9113 жыл бұрын

    Sir greetings ..you have been the one most significant tutor for me...I don’t simply understand what teachers teach me ...if you were nor here I would have failed in my classes always ...now i have getting good marks and all of credit , all of credit totally i wanna give to you,,,,you made me so easy to understand ,,

  • @734833
    @7348333 жыл бұрын

    Exactly what I looked for 3 hours. Thanks

  • @callumhatton8354
    @callumhatton83544 жыл бұрын

    Who's watching in 2020?

  • @johnblah1040

    @johnblah1040

    2 жыл бұрын

    2021

  • @user-halathegirl

    @user-halathegirl

    Жыл бұрын

    2023

  • @josephchristian2386

    @josephchristian2386

    10 ай бұрын

    2023✋️

  • @theummahunderthespotlight

    @theummahunderthespotlight

    7 ай бұрын

    2024

  • @jesusistheway1820

    @jesusistheway1820

    6 ай бұрын

    2020 you say. 2023

  • @kerrykamala947
    @kerrykamala947 Жыл бұрын

    I would like to raise an argument, isn't the Marginal Rate of Substition supposed to have a negative sign for instantance MRS = -MU`/MU``

  • @awardc2389
    @awardc23892 жыл бұрын

    Thanks for the easy to understand examples

  • @aberaabeba2653
    @aberaabeba26537 ай бұрын

    thank you teacher this is amezing video it helps me

  • @thePrahoable
    @thePrahoable7 жыл бұрын

    OK I have a question why on the first two problems after taking the derivatin of MUx you added also the y and vice versa and on the last two you didn't add the second factor near the derivative of the first? Thanks a lot very useful but this question came into mind.

  • @lolita55ful

    @lolita55ful

    5 жыл бұрын

    exactly idk why

  • @Camcrazy530

    @Camcrazy530

    5 жыл бұрын

    Agreed..... wtf

  • @Jimmyczech1

    @Jimmyczech1

    4 жыл бұрын

    @@Camcrazy530 because in the first few examples he is multiplying the x and y and in the other cases (where he doesn’t use the Y) he’s adding the two. Derivative of x*y by x = y. Derivative of x+y by x is 1.

  • @isaacgomez6570

    @isaacgomez6570

    Жыл бұрын

    @@Jimmyczech1thanks for clearing that up. I was confused for a second there

  • @Eddy.aamusic
    @Eddy.aamusic5 жыл бұрын

    The only thing I dont understand is how you got the y/2x , the exponent part I dont get I understand how you got 2 but not how the exponents are just gone.

  • @Lucas-jc2rq

    @Lucas-jc2rq

    4 жыл бұрын

    he missed the negative. it should be y/2x^-1

  • @cosmogamer9914

    @cosmogamer9914

    4 жыл бұрын

    @@Lucas-jc2rq nope, he was right

  • @abby-cv4xc
    @abby-cv4xc Жыл бұрын

    Kaç video izledim, 8 yıl önce 8 dakikada anlatılmış video etmiyor

  • @sithuminijayasekara4782
    @sithuminijayasekara47822 жыл бұрын

    thank you .this video is very useful

  • @uyangabatbold6122
    @uyangabatbold61228 жыл бұрын

    This video was very useful. Thanks a lot!

  • @sebastian-daquanglocknerjr1883
    @sebastian-daquanglocknerjr18833 жыл бұрын

    whose economics professor is using cruise control and just sending you here?

  • @martaschnitzer
    @martaschnitzer3 жыл бұрын

    thank you so much this is very helpful youre the best

  • @shantaislamdipa8304
    @shantaislamdipa83042 жыл бұрын

    But Why didn’t MRS Equation Being negative?

  • @beastbros45
    @beastbros453 жыл бұрын

    What does it help if all you do is get the answer, I don’t know how to do it

  • @Tatsgirl490
    @Tatsgirl4908 ай бұрын

    Im so confused on how we get the final answers for the examples , can someone please help me understand how exactly we came from 2xy^3/3X^2y^2 = 2y/3x and 1/3X^-2/3Y^2/3÷ 2/3X^1/3Y-1/3= Y/2x 😭😭💀

  • @someonethirsty1957
    @someonethirsty19577 ай бұрын

    Im sure this is wrong. Isnt marginal utility supposed to be diminishing? Wouldn't the marginal utlity be increasing in the first example?

  • @Weird_Wacky
    @Weird_Wacky2 жыл бұрын

    thank you so much

  • @EconomicsinManyLessons

    @EconomicsinManyLessons

    2 жыл бұрын

    You are welcome!

  • @karolinesheefeni8121
    @karolinesheefeni8121 Жыл бұрын

    Thank you very much 🎉

  • @davecollins7427
    @davecollins74273 жыл бұрын

    why did you derive in the beginning? how did that get the MU?

  • @ShrutiSingh-ty5gu
    @ShrutiSingh-ty5gu3 жыл бұрын

    Sir how do we derive the equation of equi marginal utility

  • @EconomicsinManyLessons

    @EconomicsinManyLessons

    3 жыл бұрын

    This may help: kzread.info/dash/bejne/aHxovKqFdKXYmrw.html

  • @rajvirsingh-co1fu
    @rajvirsingh-co1fu2 жыл бұрын

    How to solve u(x,y)=x÷logy

  • @shyrese139benjamin4
    @shyrese139benjamin410 ай бұрын

    How do u derive the demand function of X and Y?

  • @EconomicsinManyLessons

    @EconomicsinManyLessons

    10 ай бұрын

    Hope this helps: kzread.info/dash/bejne/nHiWuLmaqZnJYpM.htmlsi=tJxxucTZrc5oXop7

  • @yashodaravithanage9686
    @yashodaravithanage96863 жыл бұрын

    Thank you very much, sir. but I have some questions in the last few examples. why you didn't add constant factor to the derivative factor

  • @utkarshmantri7958

    @utkarshmantri7958

    2 жыл бұрын

    it's a partial derivative, the constant is ignored

  • @EndriHoxha-pz1bt

    @EndriHoxha-pz1bt

    Жыл бұрын

    But he did at the first example

  • @mercytuerijama6698
    @mercytuerijama66985 жыл бұрын

    since the 3 is brought down already, from where does the square come on the Y

  • @EconomicsinManyLessons

    @EconomicsinManyLessons

    5 жыл бұрын

    You need to subtract 1 from the exponent on Y, which gives Y^(3-1) = Y^2. I did the same thing for the exponent on X.

  • @Thebt7
    @Thebt710 жыл бұрын

    Why is the marginal utility for y when derived 3x^2 y^2. sorry my calculus is very bad but i could not figure it out.

  • @EconomicsinManyLessons

    @EconomicsinManyLessons

    10 жыл бұрын

    U = X^2Y^3 The partial derivative of U with respect to Y = 3X^2Y^(3-1) = 3X^2 Y^2. Notice that the exponent on the Y term was brought down in front and then we subtracted 1 from the exponent on Y, leaving Y raised to the 2nd power. Another way of doing this, which might be easier to understand, is to rewrite the utility function as U = bY^3, where b = X^2. The derivative of bY^3 = 3bY^2. Next, substitute X^2 for b to get your final answer: 3X^2 Y^2.

  • @Thebt7

    @Thebt7

    10 жыл бұрын

    1sportingclays Thank you, I've watched a couple of times now, starting to pick it up now :)

  • @barovierkevinallybose1040
    @barovierkevinallybose10405 жыл бұрын

    shouldn't there be a minus sign before ur result?

  • @EconomicsinManyLessons

    @EconomicsinManyLessons

    5 жыл бұрын

    You would only put a minus sign in front of the MRS results if you wanted the slope function of the indifference curve.

  • @EndriHoxha-pz1bt
    @EndriHoxha-pz1bt Жыл бұрын

    Who can please answer to this: U=x²+4xy+4y²-20

  • @SidraKhatoon-ml2ft
    @SidraKhatoon-ml2ft7 жыл бұрын

    derive marshallian demand function

  • @douga.3666
    @douga.366611 ай бұрын

    No i did not go to university... i went to youtube academy)))

  • @rabeccakatongo9493
    @rabeccakatongo94934 жыл бұрын

    I didn't really understand the entire explanation

  • @arnohaoseb351
    @arnohaoseb3516 жыл бұрын

    (B,Z)=AB^1/a Z^1/B What's the marginal utility

  • @tom47235
    @tom47235 Жыл бұрын

    How come 2/3 - 1 = -1/3?

  • @EconomicsinManyLessons

    @EconomicsinManyLessons

    Жыл бұрын

    2/3 - 1 = 2/3 - 3/3 = -1/3. (I changed - 1 to - 3/3 to get the same denominator in the other term, 2/3).

  • @tom47235

    @tom47235

    Жыл бұрын

    @@EconomicsinManyLessonsthank you for that

  • @changeme454
    @changeme4544 жыл бұрын

    wow

  • @pulltheskymusicgroup4475
    @pulltheskymusicgroup44754 жыл бұрын

    🇹🇿