Budget Line

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What I can buy with my income

Khan Academy

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Sal, Your videos on indifference curve, marginal utility and Budget Line has really helped me. Thank you so much!!! :')

TroyCodby

Maybe I'm not seeing this, but what's the point of doing all this math when you can just find the extreme values and draw the line between the two points?

Prince_Sharming

I feel like you could have explained this one in a more simple way. Nonetheless, I'm really thankful for all these videos.

mwmwmwmwmwmmwwmmwmwmwmwmw

this video felt kind of all over the place but I still understood what you taught

azrahumayra

The simplest way to plot budget line is to plot two points: 1) on X-axis: Y/Py, 2) on Y-axis: Y/Py, where Y=PxQx+PyQy, and join them

WSCOMPUTER

You made plotting more fun than any of my math professors. Good show 'ol chap! THANKS!

StevieMack

thank you for saving my life ....you are amazingggg

naya

thank u i dident understand how my teacher explained it but did when u did so thank you alot

mickwielders

It was simply 2x + y=20. Why did you make it so complicated?

basharhuda

I allways understand what you mean and i'ts fun to listen/whatch you vids! Gratz you just got a new subscriber :D

PHAPPSWE

Some body please answer this question, why does the opportunity cost remain constant for the budget line but increases for the production possibilities model?

rubensaenz

Given utility function U=X^0.5Y^0.5 where Px=12birr, birr, Py =4birr and the income of the consumer is, M=240bir A) find the utility maximizing combinations of X and Y hurry one video

Burqaatubei

Isn't this just a Production Possibilites Curve adapted to the buyer's side?

LateDollars

@RoundSquareFilms it's a free drawing software called SmoothDraw 3 (they did a video about it)

tqsqra

Could you talk about goverment budget next? especificaly would you highlight the diferences between a personal or family budget vs a goverment budget

QuickSilverD

I feel like you could have explained this in a more simpler way. You made it hard understanding it.

imranmoumin

It's funny how "efficient" can be defined so differently in different areas of the same subject.

Acerola

so essentially, the absolute value slope of the budget line is the price of good x divided by the price of good y

FXFXFXFX

You guys, he did all the math to find Qc in terms of Qf, he drew the budget line, he explained that the slope is the relative opportunity cost if you don't understand then you're the problem.

noneofurbusns

wow great now I forgot the slightest concept i had about budget line after i watched this video. thanks. -_-

SushminaBaidya

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