Utility Maximization with Perfect Substitutes

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  1. Economics in Many Lessons
  2. maximizing utility with perfect substitutes
  3. optimal consumption bundle perfect substitutes
  4. perfect substitutes utility function
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Комментарии
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Omg thank you so much!! We were taught the diagrams and the concept of corner solution but never were taught on how to actually solve the question with values. You're a life saver!!

shyruti
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This was the most simple explanation ever,
what my tutor talked about for 20 mins made no sense compared to this, thank you so much

dreamypoet
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my professor lost me in his rambling. Thanks for not over complicating simple arithmetic.

HobbiesWithHam
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Thank you so much, I´ve been looking for this in many sources and I wasnt able to find it.

marcohidalgo
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Am I correct in assuming that if Px=Py then the consumer will be indifferent along all points on that particular indifference curve? Just trying to think about this mathematically with the Lagrange method instead of jumping straight into solving it with intuition. Thank you

aarondowning
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Sir can I get pdf of all the questions. Pls sir if there is then please share link

RR-ogut
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How do I find the coefficient a and b? Thinking of a practical case..

mauriciomartins
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What will be the consumption bundle(max. utility) in the case: when MRSxy = Price ratio? eg: U= 50X+20Y subject to 50X+20Y=10000.

vish_youtube