You are a godsend. Thank you for singlehandedly pulling me through advanced microeconomics! You should be everyone's professor.

You literally saved my life. Thank you so much, I haven't been able to find a good explanation anywhere else on the internet.

I ll be taking this exam for the third time now, if it weren't for your videos it would have been a fourth time, thanks !!

Explanation with the graphs made the concept crystal clear.Thank you so much.

I didn't start this video at all expecting to understand as much as I now have. Thank you so much

@EconomicsinManyLessons

2 жыл бұрын

That is good news! You are welcome!

you are such a wonderful teacher, thank you.

Thank you so much for this video!!!! Way better then my prof's bizarre explanation

All your videos helped in my Advanced micro economics... thank you. I scored 80 in 100 points. God bless you abundantly amen.

@EconomicsinManyLessons

2 жыл бұрын

That is great to hear! Congratulations!

@emmanuelroosevelt6840

2 жыл бұрын

@@EconomicsinManyLessons thanks..

Your videos and the kind of problems used in them are just awesome. I think they will gonna help me a lot in my upcoming exam. Thank you so much sir. Love and blessings from India. 🙏🙏🙏

Thank you very much for all these amazing videos.

l have a debt to yo for all my life you absolutely brilliant persen who saved my life.Thank you.

This was super helpful. Thank you!

Thanks, very helpful video! Only at Point B shouldn't the compensated demand for Y be 16 and not 8?

Thank you so much! This video was very helpful!

dude this saved my life before the midterm. i mean i hope it will save. but im sure this guy is gonna ask from here.

@turokg1578

Жыл бұрын

just finished the video and its even better after the example

@EconomicsinManyLessons

Жыл бұрын

I hope you did well on your exam!

@turokg1578

Жыл бұрын

@@EconomicsinManyLessons thanks a lot. I got a pretty good score.

Finally, I get it ! Good job !

wonderful explanations!

How do you get the expenditure minimization? In my lecture it is told that the compensated demand functions are the solution to the Expenditure Minimization problem. But how do you continiue after finding the compensated demand function in order to find the exp. minimization? Answer would really help me, thanks.

Great explanation, thanks for showing how it relates back to the graph, it really helped

Hi! Isn't our compensated value of Y (in Point B) 16, not 8? Correct me if I'm wrong. Thanks!

sir in point c ,as u have increased the price of x bt u still took the previous utility value bt where the price of x was 1... u need to rectify it and in the 3rd case take 16 as the utility ... in the diagram its correct bt in the derivation its different ....

Thank you so much!

you really saved my mid-term exam

thank you! thank you! thank you!

THANK YOU VERY VERY MUCH

Urgghh, I'm stupid! Thanks for this!!

you da best!!

Thank you!

Great video , I just want to ask about the marginal utility of good Y and good X , how did you do the partial derivative? Is there any other video , thanks a lot

@EconomicsinManyLessons

4 жыл бұрын

This video reviews partial derivatives: kzread.info/dash/bejne/fKCtxrysn66wj7Q.html

how did you get Xc??? (compensated demand for x)?

Thanks a lot!!!!!!!!!!!!!!!！

i do not get the XL part how did you get 4 and 16?

Thanks you!

very clear thx u

thank you sir

and also in general cse we must also check corner solutions...

Thank you..

thanks a lot

thank you

Perfect

Bro i get you perfectly, but from the solutions you solved i did not see you solve for point B ( from the diagram) so i want to know you obtained point B please

I didnt understand the derivation of demand curve you write u1/2 how ?

please expand onto this by moving into Roy's identity and Shephard's lemma identity

shouldnt the compensated demand curve be tangent to the old indifference curve??? this video got me totally confused

@GregorSchafroth

8 жыл бұрын

+Federico Gaggioli Yes it should and it does. Maybe you are confused because in his example the price is rising whereas in many textbook examples the prices are falling. If the price is rising the new indifference curve will be lower than the old one.

In diagram B point will be with y =16

the condition of MRS=p1/p2 doesn't hold in case of some utility finctions.

@yarikjaros338

9 жыл бұрын

perfect complements for ex.

Hello sir, could you please explain how to draw a graph in word like you did?

@EconomicsinManyLessons

3 жыл бұрын

kzread.info/dash/bejne/qaVqqtNxfZPMZdI.html

@muhammadrafiprakoso2082

3 жыл бұрын

@@EconomicsinManyLessons thank you so much 😁

Why both sides square roots sir?

@EconomicsinManyLessons

2 жыл бұрын

I am taking the square root of both sides of the equation (or raising both sides to the 1/2 power) to simplify Y^2 to Y (or X^2 to X). Notice that (Y^2)^1/2 = Y after multiplying the exponents.

algebra fomulas a teacher , doctor and mailer

Mr. Mackey is that you?

I have one confusion.. in point B, the value of M= 4×4+8×1= 22 , u write 32, did I do mistake?

@EconomicsinManyLessons

4 жыл бұрын

There is a typo. At point B, Y = 16 (I show the correct number on the graph). Therefore, (4 x 4) + (1 X 16) = 32. Sorry for the confusion.

@ugcneteconomicswithanj.5307

4 жыл бұрын

@@EconomicsinManyLessons thank u sir

This was super helpful. Thank you!