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This lecture describes what a utility function is, and how we can use it to understand marginal utility and a consumer's choices.

MIT 14.01 Principles of Microeconomics, Fall 2018 Instructor: Prof. Jonathan Gruber * View newer version of the course: ...

Expected utility Video for computing utility numerically https://www.youtube.com/watch?v=0K-u9dpRiUQ Utility and Risk ...

For the entire course on intermediate microeconomics, see http://youtubedia.com/Courses/View/4.

MIT 14.01 Principles of Microeconomics, Fall 2023 Instructor: Prof. Jonathan Gruber View the complete course: ...

Keep going! Check out the next lesson and practice what you're learning: ...

Think about what restricts your choices when it comes to buying goods and services. Your income is one variable. Prices are ...

In this video I explain how to maximize utility given a Cobb-Douglas utility function and a budget constraint.

MathematicalEconomics #IITJAM #NetEconomics #GateEconomics ...

Hi guys, I have discussed four types of utility functions with their Indifference Curve and MRS ( Marginal Rate of Substitution) in ...

This video shows how to maximize utility subject to a budget constraint. Channel donations are much ...

MathematicalEconomics #IITJAM #NetEconomics #GateEconomics ...

For the entire course on intermediate microeconomics, see http://youtubedia.com/Courses/View/4.

This video describes the iso-elastic utility function that is also called constant relative risk aversion (CRRA) utility function. I plot the ...

A lot of our problems with AI seem to relate to its utility function. Why do we need one of those, anyway? Footage from The ...

I show a trick for finding the Marginal Rate of Substitution function if you have a Cobb Douglas utility function. Works for MRTS ...

Welcome to Episode 5 of our Advanced Microeconomics series! In this video, we explore utility functions and provide a ...

V. Utility. Given the total utility function for good X as: U =- x2+20x-86 a. Construct an expression for the Marginal Utility of good X, ...

Learn more: http://www.policonomics.com/utility/ Versión en español: https://youtu.be/As2o3--275Y This video explains the very ...

Welcome to another insightful episode on Consumer Theory! In this video, we delve into the concept of Money Metric Utility ...