Utility Maximization problem constrained optimization in economics

in this video we will solve a problem on utility Maximization
given U = √x+√y and Px X + PyY= M
find optimal values of x and y
to solve this, first we write the First Order Condition for Utility Maximization ie MRS = ratio of prices

Пікірлер: 8

@animexkey81096 ай бұрын
God bless you richly❤
@sudeep_dwivedi4 ай бұрын
Gr8 ❤❤
@eltonloverboy9 ай бұрын
Helpful
@daggyauto302510 ай бұрын
Helpful thanks
@jenskuppers6672 Жыл бұрын
You are brilliant! Thank you so much, my friend!
@ECONMATHS
Жыл бұрын
thanks for the appreciation brother. please share this channel with your friends also
@user-uq4cr7ul3m9 ай бұрын
My answer was x=6 and y=30! Is it wrong?
@clayyeager
8 ай бұрын
Yes

Utility Maximization problem constrained optimization in economics

Пікірлер: 8

@ECONMATHS

Жыл бұрын

@clayyeager

8 ай бұрын

Келесі