Your videos and the kind of problems used in them are just awesome. I think they will gonna help me a lot in my upcoming exam. Thank you so much sir. Love and blessings from India. 🙏🙏🙏
sir in point c ,as u have increased the price of x bt u still took the previous utility value bt where the price of x was 1... u need to rectify it and in the 3rd case take 16 as the utility ... in the diagram its correct bt in the derivation its different ....
How do you get the expenditure minimization? In my lecture it is told that the compensated demand functions are the solution to the Expenditure Minimization problem. But how do you continiue after finding the compensated demand function in order to find the exp. minimization? Answer would really help me, thanks.
Great video , I just want to ask about the marginal utility of good Y and good X , how did you do the partial derivative? Is there any other video , thanks a lot
+Federico Gaggioli Yes it should and it does. Maybe you are confused because in his example the price is rising whereas in many textbook examples the prices are falling. If the price is rising the new indifference curve will be lower than the old one.
Bro i get you perfectly, but from the solutions you solved i did not see you solve for point B ( from the diagram) so i want to know you obtained point B please
I am taking the square root of both sides of the equation (or raising both sides to the 1/2 power) to simplify Y^2 to Y (or X^2 to X). Notice that (Y^2)^1/2 = Y after multiplying the exponents.
You are a godsend. Thank you for singlehandedly pulling me through advanced microeconomics! You should be everyone's professor.
All your videos helped in my Advanced micro economics... thank you. I scored 80 in 100 points. God bless you abundantly amen.
That is great to hear! Congratulations!
@@EconomicsinManyLessons thanks..
You literally saved my life. Thank you so much, I haven't been able to find a good explanation anywhere else on the internet.
I ll be taking this exam for the third time now, if it weren't for your videos it would have been a fourth time, thanks !!
I didn't start this video at all expecting to understand as much as I now have. Thank you so much
That is good news! You are welcome!
Explanation with the graphs made the concept crystal clear.Thank you so much.
Thank you so much for this video!!!! Way better then my prof's bizarre explanation
Your videos and the kind of problems used in them are just awesome. I think they will gonna help me a lot in my upcoming exam.
Thank you so much sir. Love and blessings from India. 🙏🙏🙏
you are such a wonderful teacher,
thank you.
l have a debt to yo for all my life you absolutely brilliant persen who saved my life.Thank you.
dude this saved my life before the midterm. i mean i hope it will save. but im sure this guy is gonna ask from here.
just finished the video and its even better after the example
I hope you did well on your exam!
@@EconomicsinManyLessons thanks a lot. I got a pretty good score.
Thank you very much for all these amazing videos.
This was super helpful. Thank you!
Great explanation, thanks for showing how it relates back to the graph, it really helped
Thanks, very helpful video! Only at Point B shouldn't the compensated demand for Y be 16 and not 8?
you really saved my mid-term exam
wonderful explanations!
Hi! Isn't our compensated value of Y (in Point B) 16, not 8? Correct me if I'm wrong. Thanks!
Finally, I get it ! Good job !
sir in point c ,as u have increased the price of x bt u still took the previous utility value bt where the price of x was 1... u need to rectify it and in the 3rd case take 16 as the utility ... in the diagram its correct bt in the derivation its different ....
Thank you so much! This video was very helpful!
How do you get the expenditure minimization? In my lecture it is told that the compensated demand functions are the solution to the Expenditure Minimization problem. But how do you continiue after finding the compensated demand function in order to find the exp. minimization? Answer would really help me, thanks.
Great video , I just want to ask about the marginal utility of good Y and good X , how did you do the partial derivative? Is there any other video , thanks a lot
This video reviews partial derivatives: th-cam.com/video/JlydZsoKJ_Q/w-d-xo.html
i do not get the XL part how did you get 4 and 16?
Urgghh, I'm stupid! Thanks for this!!
how did you get Xc??? (compensated demand for x)?
shouldnt the compensated demand curve be tangent to the old indifference curve??? this video got me totally confused
+Federico Gaggioli Yes it should and it does. Maybe you are confused because in his example the price is rising whereas in many textbook examples the prices are falling. If the price is rising the new indifference curve will be lower than the old one.
I didnt understand the derivation of demand curve you write u1/2 how ?
and also in general cse we must also check corner solutions...
please expand onto this by moving into Roy's identity and Shephard's lemma identity
Bro i get you perfectly, but from the solutions you solved i did not see you solve for point B ( from the diagram) so i want to know you obtained point B please
Why both sides square roots sir?
I am taking the square root of both sides of the equation (or raising both sides to the 1/2 power) to simplify Y^2 to Y (or X^2 to X). Notice that (Y^2)^1/2 = Y after multiplying the exponents.
In diagram B point will be with y =16
I have one confusion.. in point B, the value of M= 4×4+8×1= 22 , u write 32, did I do mistake?
There is a typo. At point B, Y = 16 (I show the correct number on the graph). Therefore, (4 x 4) + (1 X 16) = 32. Sorry for the confusion.
@@EconomicsinManyLessons thank u sir
Thank you!
the condition of MRS=p1/p2 doesn't hold in case of some utility finctions.
perfect complements for ex.
Hello sir, could you please explain how to draw a graph in word like you did?
th-cam.com/video/wq6Hq8M0f5o/w-d-xo.html
@@EconomicsinManyLessons thank you so much 😁
Thank you..
Thank you so much!
THANK YOU VERY VERY MUCH
very clear
thx u
thank you! thank you! thank you!
you da best!!
algebra fomulas a teacher , doctor and mailer
thank you sir
Perfect
Thanks a lot!!!!!!!!!!!!!!!！
Thanks you!
thanks a lot
thank you
Mr. Mackey is that you?
This was super helpful. Thank you!