Elasticity Part 4

[@sabrinabyams]

Waouh its so clear now,Thank you so much👏🏾👏🏾

[@CharityKyabanasha]

So lovely❤❤

[@ThelmaBule]

Sir I just got an A + in my CA because of you thank you sir😊😊

[@mukukakapungwe4527]

Keep it up sir

[@eliasmuwau]

Thank you, I will

[@betourestaurant9487]

​@@eliasmuwauI've sent you an email and still waiting for your response

[@FortuneSikiya]

I now understand 🤔

[@LydiaMhango-s9x]

Best teacher

[@MondayAllan]

Thanks for your work done

[@Wakilonzo]

Mwalimu this is amazing. Thank you

[@Lazzie_07]

Lovely!

[@sadiatf5865]

Sir what if there are 3 commodities, and their prices are Px Py Pz in the demand equation of X. Then How to calculate Cross elasticity for commodity X

[@AbrahamMushipi]

The smart lecturer

[@tulamuonaalamagata8559]

Thank you, ur good in lecturing

[@Ibrahim-t3s5v]

Example 1
• A consumer consuming two commodities X and Y has the following utility function U= X1.5Y. If the price of the two commodities are 3 and 4 respectively and his/her budget is birr 100.
a. Find the quantities of good X and Y which will maximize utility.
b. Total utility at equilibrium.
c. Find the MRSxy at optimum point

[@Ibrahim-t3s5v]

please how I am do

[@ChrisantMayoka-v3n]

Keep it up sir