Corner Solutions|Indifference Curve :(Part 3)|lexicographic Preferences| Economic Bads| Neutral |9|

[@nishantmehraecopoint]

This video talks about when can we have corner solutions or boundary solutions in Indifference Curves optimum. It gives an example of 1) Lexicographic Preferences 2) Economic Bads 3) Neutrals Reference : Varian Chapter 4 and 5 This is useful for those who are preparing 1) Intermediate Microeconomics Course in their semesters 2) UGC Net Economics 3) Basics of MA Economics Entrance Exam (DSE/ISI/JNU/IGIDR/MSE) 4) Indian Economic Services For any course related query please call 9999886629 or visit nishantmehra.com for IAS Economics Optional/ Indian Economic Services/ UGC Net Economics or visit Ecopoint.in for MA Economics Entrance Coaching

[@nimisha3197]

Cant thank you enough! Amazing videos! Please keep on making these! Pls cover game theory if possible

[@akashdutta6982]

I only had a problem understand standing the lexicographic .honestly sir ur video cleared my doubt

[@nishantmehraecopoint]

Thanks Akash 🙏

[@English_PGYT]

very good explanation sir . keep uploading these videos. I am a M.Sc Student . your videos really help me a lot .

[@nishantmehraecopoint]

Thanks :)

[@niharikak9048]

very detailed explanations sir thank you but sir i have one doubt can we have corner solution in case of perfect complementary goods?

[@prakharshukla861]

No because in case of perfect complement goods , goods are consumed together .Means there should be positive consumption of both goods . In case of corner solution amount of one good will be zero which is not the case with perfect complement

[@hdksj285]

Are economic bads and giffen goods same?

[@nishantmehraecopoint]

Economic bads are defined in terms of utility, when consumption of economic bads increase, then utility falls. While, giffen are goods are defined in terms of prices , when prices rise their consumption rises. So both of them, are defined in terms of different notions