straight to the point. Thank you so much!

the way to calculate the optimal bundle is by using formulas y = Py (Qy)+ Px (Qx) and Qy= Px/Py (Qx)( this is plugged in to the previous formula to find quantity of good x) y = Py ((Px/Py)Qx) + Px (Qx) given this example for period (2): 40 = 4 (2/4 Qx) + 2 (Qx) 40 = 2 Qx + 2 Qx ===> 40 = 4Qx 40/4 = 10 Qx= 10 (10 units of food) Qy = 2/4(Qx) = 2/4(10)=5 Qy = 5 ( 5 units of food) optimal bundle ( 10,5)

MRS is slope of IC right. In previous videos, it was +ve, in this it's -ve?

Thank you ❤️‍🩹

wish you added the graph for last case too , less x and more Y .

Simple and easy nice!

Now, my confusion is clear.Thanks a lot from Bangladesh.

So helpful

Frome where x=3.7 y

Well explained prof.

What a beautiful explanation ❤ I loved it thanks

What is the interpretation?

thansk a lot...simplified and easy to follow..be blessed

concise and effective.

That's great 👍

thanks a lot!!

Omg thank you so much! I spent all day trying to understand this and you explained everything very thoroughly and made it make sense. Thank you!

Excellent 👌

You are a saint

D

Thank you very much Kate

thank you for the simple yet nice explanation :)

Oh wow thanks for this great last min study material

Never understood lagrangian function till I saw this . Very simple

hy, im abt to cry coz, u didn't solve all da way, and pliz use substitution method as well.

Hi! Thanks for this. But where did you get the 10 in 10= y*?

Thanks

And also, why choose the complicated method of finding x and y (which is anyway wrong) from lambda when it can be solved from the third equation

This is wrong because it's L,K so the x,y is super out of place and confusing

youre the best <3

bruh why is this intermediate micro stuff taught in my year 1 Econ courses wtffffff??

Really educative

thankyou kaa tamilnadla irunthu.....😀😀😀😀😀

Great video, but hearing you pronounce it "Luh-GRAIN-Gee-an" hurt my soul. It's supposed to be "Luh-GRAHN-Gee-an" :(

Worth noting that if your exponents have the same ratio as the costs (i.e. x costs twice as much as y, and x has an exponent twice as large as y’s) then this method does not work, as it will result in the statement x = y when you follow this protocol.

tyyyy

How does the minimum of AVC correspond to the y-intercept of a supply curve where at a certain price level, quantity supplied equals 0 ?

Just,thank you. Please do us oligopoly and oligopsony.

small corr = 800x-1.4= -1120

now it seems so easy thank youuu

Struggled with this for a REALLY long time. You've finally made it make sense! Brilliant! Thank you.

lifesaver!

Thanks

This channel is great! Makes me hungry, though.

thank you for saving my life

Damn, am I the only one who thinks her voice is cute as heck?? I could study a lot if all economics profs had a sweet voice like that.

I wish more students had seen your video, It's great

thank you so much