I don't respond to KZread videos but this one I have too You have really saved my CA

@ollyedulearning

9 ай бұрын

Thank you...Much appreciated 👏

I used to get confused on the "mu" formula, but now I understand, thank u soo much ma'am

very much Helpful, now I understand better. Thank you so much !

Thank you so much for this video ...... This video really helped me a lot .....😊

@ollyedulearning

2 ай бұрын

Most welcome 😊

Very helpful. Ms explained everything very well and clearly.

The explanation was good and clear😊😊😊

thank you so much, i wish you can be my teacher one day,, i have already subscribed

Nice lesson

This was really very helpful ...thank you 👏 🙂 ☺ 👌 😊 👍 👏

Good morning Madam, I really appreciate your video, thanks ones again.

thank you so much mam

Thank you soooo much ❤️😭you literally just saved my degree

@ollyedulearning

Жыл бұрын

Hi Luphahla....I'm glad my video was of help..plz subscribe and share with your colleagues. I will appreciate that🙏👏❤

This was very helpful. Thank you ms

thanks a lot you explained very well

Thanku you’re good at it

How do we calculate or get Total Utility (TU ) when it’s not given ?

@ollyedulearning

Жыл бұрын

Hi Ritha....Total utility is the sum of all marginal utilities...

Ma'am, i wanted to ask how do i find the weighted marginal utility, if i was not given the price of the guavas and oranges

Thank you so much

Thanks a lot for this video. It most definitely did help me. My question is, do we never consider weighted marginal utility that are not equal?

@ollyedulearning

Жыл бұрын

Hi Siphephile Dlamini....Thank you for your comment. To answer your question, No if the marginal utilities are not the same we do not consider that as it does not meet the 2 conditions for consumer equilibrium or utility maximisation. 1. The budget is full spent on the 2 goods. 2. The weighted marginal utility for 2 goods are equal.

@siphephiledlamini2970

Жыл бұрын

@@ollyedulearning wow, thanks a lot.🙂😃

Thank you so much po!!!

@ollyedulearning

2 жыл бұрын

You welcome Kiana😊

Very helpful! Thanks!

Thanks again

Very helpful, if only I can understand the last part of equilibrium

❤

How will you calculate the weighted utility with the missing price?

Thank you Miss

@ollyedulearning

3 жыл бұрын

You Welcome Hango

How do i calculate TU if I'm given MU?

@ollyedulearning

Жыл бұрын

Hi Martha....TU is the sum of all MU example Q MU TU 1 24 24 always equal 2 20 44 (MU @1 + MU @2)(24+20) 3 18 64 (24 + 20 + 18)

@marthapenehafogabriel1993

Жыл бұрын

@@ollyedulearning thank you for your help i manage😍

What if the difference of quantity is not 1? For example quantities are not 0, 1, 2 but 2, 4, 7?

@ollyedulearning

Жыл бұрын

@Clark Sales Thanks for the comment, It's safe to use the formula which is change in total utility ÷ change in quantity. Example: Quantity Total utility marginal utility 1 60 60-0/1-0 = 60 3 180 180-60/3-1=40 7 240

What if it exceeds the budget?

@ollyedulearning

2 жыл бұрын

Hi Crystal milla Vanderbyl.....Thank you for your question We are looking for the optimal quantities that can be purchased using the available budget. Exceeding the budget will not be optimal because we can not afford such a combination. Take an example, You have $20 dollars only and that is your budget for apples and bananas per week. If one apple is $2 and one banana is $5. Now we want to find out the maximum number of bananas and maximum number of apples we can buy using $20. We can not afford to go beyond the budget. I hope i have answered your question.

I thought weighted marginal utility is equal to marginal utility times consumers budget

Absolutely lovely 🫶🏽 clear explanation 🤌🏾

Ms can you help me out with a question on Utility?

@ollyedulearning

2 жыл бұрын

Yes you can drop your questions...

@j-man7994

2 жыл бұрын

@@ollyedulearning Ms I have it on paper, it's a table that I am struggling with, can I send it to you via WhatsApp to help?

@ollyedulearning

2 жыл бұрын

@@j-man7994 yes