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CONTENTS 0:00 Introduction 0:19 Indifference Curves 3:06 The Optimal Point is on the Corner 3:54 The Corner and the ...

In this video I explain how to maximize utility given two goods that are perfect complements.

In this video, I introduce the utility function, a fundamental concept in microeconomics that allows economists to represent ...

in this video we will learn about the types of utility functions in economics that are Cobb-Douglas, perfect substitutes, perfect ...

A short video solving a utility maximization problem with a perfect complements utility function.

In this video I explain the concept of corner solutions as they relate to indifference curves in microeconomics.

The tutor discusses perfect complements in economics, where utility is maximized by 'balancing' two goods (x & y) where the 'min' ...

Provides an illustration of optimal bundle in case of perfect complements - consumer wants the two goods in fixed proportions.

How Do You Graph Indifference Curves? In this informative video, we will guide you through the process of graphing indifference ...

... Consumer preferences and the 4 rationality axioms ✓ Utility functions (Cobb-Douglas, perfect substitutes, perfect complements) ...

Hi Everyone in this video I go through a practice problem where I solve for the optimal consumption bundle when we have perfect ...

This is a full review of the concepts of intermediate microeconomic theory. It covers topics in consumer theory, producer theory, ...

... and a utility function based on a written statement or exam question prompt. I cover perfect complements and perfect substitutes.

In this video, the tutor delves into consumer theory in microeconomics. They introduce the concept of demand determination, ...

Demand Curves - Deriving the Demand Curve - Perfect Substitutes - Perfect Complements - Elasticity - Price Elasticity of Demand ...

Consumer Theory | Class-2| Different Types of Indifference Curve | Microeconomics | The Supply Curve Class 1 ...