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Intuition on quasi-linear utility functions
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In this video you will find answers for:
1. What is the form of a quasi-linear utility function (in 2 goods)?
2. How to visualize the optimal decision of the consumer?
3. The intuition on the structure of the (Marshallian) demand for the two goods in a special case where prices are both equal to one.
If you require help with your studies visit:
1. What is the form of a quasi-linear utility function (in 2 goods)?
2. How to visualize the optimal decision of the consumer?
3. The intuition on the structure of the (Marshallian) demand for the two goods in a special case where prices are both equal to one.
If you require help with your studies visit:
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