Deriving Compensated (Hicksian) Demand Functions

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You are a godsend. Thank you for singlehandedly pulling me through advanced microeconomics! You should be everyone's professor.

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All your videos helped in my Advanced micro economics... thank you. I scored 80 in 100 points. God bless you abundantly amen.

[@EconomicsinManyLessons]

That is great to hear! Congratulations!

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[@tomandryanlol]

You literally saved my life. Thank you so much, I haven't been able to find a good explanation anywhere else on the internet.

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[@oyindabello554]

I didn't start this video at all expecting to understand as much as I now have. Thank you so much

[@EconomicsinManyLessons]

That is good news! You are welcome!

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[@parulmahawar9132]

Explanation with the graphs made the concept crystal clear.Thank you so much.

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Thank you so much for this video!!!! Way better then my prof's bizarre explanation

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[@turokg1578]

just finished the video and its even better after the example

[@EconomicsinManyLessons]

I hope you did well on your exam!

[@turokg1578]

@@EconomicsinManyLessons thanks a lot. I got a pretty good score.

[@101dostoyevsky]

Thank you very much for all these amazing videos.

[@agrimasahore2812]

This was super helpful. Thank you!

[@irenehsu3132]

you really saved my mid-term exam

[@FilipinoThunder]

Great explanation, thanks for showing how it relates back to the graph, it really helped

[@ArjeanyFretzhieTAbatayo]

Hi! Isn't our compensated value of Y (in Point B) 16, not 8? Correct me if I'm wrong. Thanks!

[@olgalitviniuc5075]

Thanks, very helpful video! Only at Point B shouldn't the compensated demand for Y be 16 and not 8?

[@joelrick1629]

wonderful explanations!

[@Explorer982]

Finally, I get it ! Good job !

[@s0nixa]

Thank you so much! This video was very helpful!

[@sangamitralenka]

sir in point c ,as u have increased the price of x bt u still took the previous utility value bt where the price of x was 1... u need to rectify it and in the 3rd case take 16 as the utility ... in the diagram its correct bt in the derivation its different ....

[@thePrahoable]

How do you get the expenditure minimization? In my lecture it is told that the compensated demand functions are the solution to the Expenditure Minimization problem. But how do you continiue after finding the compensated demand function in order to find the exp. minimization? Answer would really help me, thanks.

[@rakotondrazakatojoherilant6403]

Great video , I just want to ask about the marginal utility of good Y and good X , how did you do the partial derivative? Is there any other video , thanks a lot

[@EconomicsinManyLessons]

This video reviews partial derivatives: kzbin.info/www/bejne/gJ3clY2ppLB9lbM

[@rarmstar]

Urgghh, I'm stupid! Thanks for this!!

[@myteen3]

i do not get the XL part how did you get 4 and 16?

[@sajjadmalik203]

how did you get Xc??? (compensated demand for x)?

[@hjpark6078]

you da best!!

[@yarikjaros338]

and also in general cse we must also check corner solutions...

[@jjohnnystwsss]

very clear thx u

[@rajeegayan4343]

Thank you..

[@SamuleHsieh]

Thank you!

[@y67uuj]

shouldnt the compensated demand curve be tangent to the old indifference curve??? this video got me totally confused

[@GregorSchafroth]

+Federico Gaggioli Yes it should and it does. Maybe you are confused because in his example the price is rising whereas in many textbook examples the prices are falling. If the price is rising the new indifference curve will be lower than the old one.

[@tausal1]

Thank you so much!

[@ouzk20]

THANK YOU VERY VERY MUCH

[@andranikkhachatryan7598]

thank you! thank you! thank you!

[@shineyourlight1653]

I didnt understand the derivation of demand curve you write u1/2 how ?

[@arunkumarsabar7906]

Why both sides square roots sir?

[@EconomicsinManyLessons]

I am taking the square root of both sides of the equation (or raising both sides to the 1/2 power) to simplify Y^2 to Y (or X^2 to X). Notice that (Y^2)^1/2 = Y after multiplying the exponents.

[@aarondebrah6758]

Bro i get you perfectly, but from the solutions you solved i did not see you solve for point B ( from the diagram) so i want to know you obtained point B please

[@hermineyoung5095]

please expand onto this by moving into Roy's identity and Shephard's lemma identity

[@EdunomicsbySud]

thank you sir

[@SerunaMecury]

Perfect

[@ugcneteconomicswithanj.5307]

I have one confusion.. in point B, the value of M= 4×4+8×1= 22 , u write 32, did I do mistake?

[@EconomicsinManyLessons]

There is a typo. At point B, Y = 16 (I show the correct number on the graph). Therefore, (4 x 4) + (1 X 16) = 32. Sorry for the confusion.

[@ugcneteconomicswithanj.5307]

@@EconomicsinManyLessons thank u sir

[@Deadwalk945]

In diagram B point will be with y =16

[@fanguo4149]

Thanks a lot!!!!!!!!!!!!!!!！

[@muhammadrafiprakoso2082]

Hello sir, could you please explain how to draw a graph in word like you did?

[@EconomicsinManyLessons]

kzbin.info/www/bejne/raKZeaRugpWZa9E

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@@EconomicsinManyLessons thank you so much 😁

[@idenkerry3066]

thank you

[@kunalsingh2020]

Thanks you!

[@a.hashmi3393]

thanks a lot

[@yarikjaros338]

the condition of MRS=p1/p2 doesn't hold in case of some utility finctions.

[@yarikjaros338]

perfect complements for ex.

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[@aniruddhnls]

Mr. Mackey is that you?

[@agrimasahore2812]

This was super helpful. Thank you!