Omg thank you so much!! We were taught the diagrams and the concept of corner solution but never were taught on how to actually solve the question with values. You're a life saver!!

This was the most simple explanation ever, what my tutor talked about for 20 mins made no sense compared to this, thank you so much

Thank you so much, I´ve been looking for this in many sources and I wasnt able to find it.

my professor lost me in his rambling. Thanks for not over complicating simple arithmetic.

Am I correct in assuming that if Px=Py then the consumer will be indifferent along all points on that particular indifference curve? Just trying to think about this mathematically with the Lagrange method instead of jumping straight into solving it with intuition. Thank you

Oh God! Big Thanks to you!

What will be the consumption bundle(max. utility) in the case: when MRSxy = Price ratio? eg: U= 50X+20Y subject to 50X+20Y=10000.

@NitishKumar-up7kw

2 жыл бұрын

Both will be equal So we can have any combination

You are a hero. Thank you.

This is very helpful thank you.

@EconomicsinManyLessons

3 жыл бұрын

You are welcome!

How do I find the coefficient a and b? Thinking of a practical case..

@EconomicsinManyLessons

4 жыл бұрын

This video has a few story problems about the intuition behind the coefficients:kzread.info/dash/bejne/Zp-H1Kqkhbmalaw.html

Sir can I get pdf of all the questions. Pls sir if there is then please share link

Thanks. You help me a lot

thanks~

I am student of Economics...