Utility Maximization: Fixed Proportions (Perfect Complements)

This video demonstrates how to maximize a consumer utility function of the form U = min.(ax, by).

[packetshark]

Your video was a savior! I could answer one of the questions from my eco assignment which is due in a few hours with the help of this video. You helped someone today and that someone is really grateful! :)

[Mike-cdqg]

Thanks, my lecturer failed to go over this. Thank god for YouTube.

[tipany]

taught me more than than 10 weeks of class! thank you so much :)

[arnobpaul]

Very helpful. Thank you. Love from India.

[andemcab]

I love this channel so much thank you for being you

[IzawaYuki]

Hi, would you explain why each unit of x requires 2 units of y? Thank you! :) Grateful for your reply.

[宁宁-pu]

why each unit of X must be consumed with two units of Y is 2x=y？isnt it x=2y？

[biyaali]

if this equation is rather min(aX, bY*2) or y square, would we solve it in the same way??? Kindly guide

[priyanandinibose]

which is the correct ratio that is used in the case of perfect complements y/x = b/a or y/x = a/b ?? please help

[Mickey]

I think you mean that the maximum utility a consumer can get is 20 when income is 140.

[MrTamoor]

can you also graph the indifference curve for this problem?

[shivanitewari]

Can you please tell me your referenced readings