Calculating Income and Substitution Effects

[@sahastrasugali4753]

Thank you very much for this thorough explanation!

[@lancepatrick77]

this is very helpful! because of this, I ace my assignment! thank you so much!!!

[@gusdemonchy3369]

Hi, this video was helpful but when in the problems i have in my course we don't receive a utility function and instead only have MRS, Px, Py and new Px. How do we go about finding b if we dont have the Utility function?

[@gcxcf]

how can I do the same one if the good is inferior but not giffen? I'm lost with that

[@pardisboreiri7057]

Excellent explanation and example. Thanx a lot

[@calebkelly6010]

Amazing work

[@akshayabalaji4097]

What if the utility function is linear and you encounter corner solutions?

[@vifrenzel6656]

Thx, very nice video and super useful

[@nikolatorbica5499]

does this work with any type of good?

[@alperbayam]

did you find it

[@levyswimwelea7660]

I got confused just from the start of the explanation 3 mins into the video and my brain had already RIP

[@notwork2087]

Hope u failed

[@mrniceguy7167]

@@notwork2087 lol, she hearted the comment

[@lancepatrick77]

i beg to disagree. everything is well-discussed.

[@MegaCharl10]

Help me calculate the Income and Substitution Effects of the following: x(Px,Py,m)=2m/5px,m=1000,Px=5,Py=20,Px=4