great explanation sir. you Deserve more subscribers 😤😤
@emmanuelroosevelt6840Ай бұрын
You are a very good teacher sir..
@HectorKenzoАй бұрын
Hello Professor, around 16:50, can we say that IF preferences are homothetic, then necessarily utility function is HD1? you made a point earlier that "homotheticity holds if the utility function is HD1", but does it mean that homothetic preferences <=> utility HD1?
@HectorKenzoАй бұрын
Thanks Professor! Ultra helpful, and your explanation is beyond intuitive!
@DingoDiapersАй бұрын
THANK YOU BROTHER! You helped me understand this concept.
@Md.Arifur.RahmanАй бұрын
Thank you sir.
@EconMindАй бұрын
@@Md.Arifur.Rahman You are welcome
@mehdialaoui1432Ай бұрын
thank you professor great content
@EconMindАй бұрын
@@mehdialaoui1432 Hope you could enjoy.
@EthioJ32 ай бұрын
Keep it up ❤❤❤❤❤ appreciate you
@배가꼬르릌2 ай бұрын
this video saved my life...
@AbubakarAbdulmanaf4 ай бұрын
thank you sir 😍
@tashdidehsan77895 ай бұрын
Thanks
@tashdidehsan77895 ай бұрын
Thanks
@KadwoEmmanuel5 ай бұрын
thank you sir
@matheus39055 ай бұрын
thanks from Brazil, I'm in my masters in economics and couldn't find similar resources anywhere else
@BUY_YOUTUB_VIEWS.2736 ай бұрын
such a great video
@AngizaAcademy6 ай бұрын
Thanks for nice input
@bsoy8216 ай бұрын
hello! I am unsure about question b. Consider a consumer who has to allocate their budget between two goods, x and m. The price of x is p, and the price of m is 1. The consumer's utility function is: U(x,m)=8√x + m. (a) When does the consumer prefer a little more of good x over a little more of good m? Explain. (b) Illustrate the consumer's demand for x. Label important elements in your diagram. could you please help?
@bsoy8216 ай бұрын
hello! I am unsure about question b. Consider a consumer who has to allocate their budget between two goods, x and m. The price of x is p, and the price of m is 1. The consumer's utility function is: U(x,m)=8√x + m. (a) When does the consumer prefer a little more of good x over a little more of good m? Explain. (b) Illustrate the consumer's demand for x. Label important elements in your diagram. could you please help?
@chuotlyn7 ай бұрын
Thank you so so so much for your work! Keep on doing these videos. They are incredibly helpful. You are doing an amazing job. Greetings from students at the Humboldt University zu Berlin, Germany!
@EconMind7 ай бұрын
Thanks a lot. I hope my videos could help you in a positive way.
@EconMind7 ай бұрын
If you have any question, write down in the comment. I will try to solve as soon as possible in a video.
@markosakac46148 ай бұрын
Great stuff, really cleared things up😊
@EconMind8 ай бұрын
Big thanks for your nice comment.
@j.sarthouse19318 ай бұрын
Hlw i'm from Bangladesh and i'm a economic student.. Your Video is very helpful. Thanks for making the video 💖
@EconMind8 ай бұрын
Glad it was helpful!
@EconMind8 ай бұрын
I am realy happy for that.
@KesinJan8 ай бұрын
That is great video. Thanks for making this wonderfully useful video.
@FiorellaGarciaSanchez8 ай бұрын
great video! greetings from the US
@harshithennakon769410 ай бұрын
❤
@rafitokhy839811 ай бұрын
well done
@EconMind11 ай бұрын
Subscribe for more videos
@SaihoonKamgar11 ай бұрын
Proud of you!
@BrianOfosu-s5h Жыл бұрын
Thank you for this video. Really helped me to understand better
@EconMind Жыл бұрын
I appreciate your nice comment. Good to hear that it could help you.
@blessingsmwagomba9587 Жыл бұрын
THIS IS VERY HELPFUL JAWID CONTINUE SHOOTING VIDEOS OF LABOUR ECONOMICS YOU ARE REALLY HELPING ME KUDOS TO YOU
@EconMind Жыл бұрын
Thank you for your nice comment.
@smartman111 Жыл бұрын
You are good teacher we need more lessons
@smartman111 Жыл бұрын
You deserve 1 million Subscribers you are good Teacher I am students Economics in university I join your KZbin today I liked the you teaching you
@smartman111 Жыл бұрын
I am a Sudent Economics do you have group Team Economics I want to join to Discuss
@Jean-by3wt Жыл бұрын
🙃 'promo sm'
@EconMind Жыл бұрын
Guys subscribe for more
@EconMind Жыл бұрын
8:58 - 9:03 Marginal Expense (money wage) is less than marginal product of labor. Please consider this.
@EconMind Жыл бұрын
If you have any question just write down in the comment below, I will try to answer it as soon as possible.
@rohullahaimaq03 Жыл бұрын
Thanks for all your efforts❤
@EconMind Жыл бұрын
Thanks for watching
@老铁-s8n Жыл бұрын
The principle that 'desires are infinite and resources are limited, so we need to maximize our present value through economics' is the first lesson for all economists. This lesson had such an impact on me that it influenced my decision to change my major. It's a truly memorable lesson, and I believe everyone should be aware of it. I hope next time you can communicate with me in this style - slowly and clearly, perhaps even with subtitles! Just kidding! I'm eagerly looking forward to the next video.