Budget Lines and Equations Economics

[@christopherpimentel347]

better than most of my economics professors...

[@andycmwanzah]

very helpful indeed. keep it that way

[@Mcecil772]

Thanks it was really useful. I should have seen this video earlier

[@sebastianstrand246]

Watch with speed at 1.25 ... you're welcome.

[@yudhistirasakmeniko4464]

Great video. Thank you

[@POLlyy23]

You sir, are awesome!

[@nafiatasnimkhan7316]

i have a little bit confusion . the answer of the first question was y=10-1x . and the main eqn is y= M/Py- PxX/Py . how can i calculate that M/Py =10

[@williammcinnes5045]

Hi, I was just curious where I could find the homework questions? Sorry if this it is pretty obvious, but I just discovered your youtube channel.

[@economicsfun]

Carlos McInnes Thanks for your question. I did some of these videos really early on and intended them for my classes. Since then I have generalized the lectures.

[@williammcinnes5045]

That's makes a lot more sense. Great videos, thanks again!

[@theeconomicsofthings9752]

What textbook do you use?

[@lolot9169]

magic...

[@F.E.E]

I dont understand why M = 40*4 and the other assumption M= 20x*8 why not 4 again?

[@MrMarkgyuro]

with 200 it couldnt work. given price 20 with 8 max quantity and given price 40 with 4 max quantity. if you spend all your on x: 20*8=160. if you spend all your money on y: 40*4=160.

[@F.E.E]

György Márk thank you I cant believe I passed the Master exam😌

[@MrMarkgyuro]

@@F.E.E im glad, we have help each other :)

[@Prosper203]

i don't understand this when X=0 y=10 and when X=0 again Y=5

[@usmanalifaisal]

If you go to where 0 is on the X axis (the origin of the graph), you will realise that it is where the Y axis is drawn, at that point the curve shown in the diagram is at 10 on the Y axis hence when X=0, Y=10

[@mikej4284]

I dont get it 3:51 to 4:09. where is 10 coming from?

[@3ollawi]

Mark Jeon so when you take a look at your budget line. You see that the maximum you can get of good Y is 10. Assuming you are spending all your money on Y, it would be your income or your money which is 200 ÷ 10 (max quantity of y). By dividing you literally just found the price of each quantity of good Y.