(M3E1) [Microeconomics] Utility Maximization and Choice

In this episode I describe utility maximization problem in case there are two goods to choose. The concept of budget constraint is introduced. We geometrically solve the utility maximization problem and argue that the optimal solution should be at the point where slope of indifference curve is equal to the slope of budget constraint (whenever preferences are convex), namely MRS =- Price ratio.

[bayugiri]

thanks a lot for doing this, , , you are very helpful!!!!

[xxcodingtime]

hocam you are very great prefessor thank youu very much. from Ankaradanım :)

[talhabilgin]

hocam keşke Türkçe altyazıda ekleseydiniz.