How to Derive an Indifference Curve

[@thisisyoutubetv3235]

You have no idea men 😭 this messed up my whole day. Thank you for clearing it up.

[@kalorimetri]

Thank you so much for this. I've been trying to understand how to do this for 2 weeks now and this finally helped!

[@Ahmed-jl7uh]

I love you, thanks man. I needed to draw a social indifference curve but it's the same principle as mentioned in the video, as you just need to replace x and y with Ua and Ub.

[@Ceee55]

So simple and so easy to understand. Thank you.

[@chasmai8423]

Great video even for the advanced ecos im doing now thanks :)

[@realzeoo7179]

wow just wow you are so goooood at teaching thank you .

[@shazerwalayatshazerwalayat7538]

thankew so much for this help ful short lecture

[@rifatrahman516]

Thank you so much.It's really helpful for me.

[@linobovenzi4238]

for the MRS at the end. aren't we suppose to put a minus sign?

[@PatriotaIYI]

Thank you, you helped me a lot. :)))

[@HectorSteeves]

Thank you. Very helpful. However, what if instead of u = 100, I had u=sqrt of x*y, I followed all your steps except the fact-checking. Help would be appreciated. The equation is 4x + 2y = 40.

[@muhammadazkas2738]

Sir, how u get equation U = X^2*Y? i mean, how u derive that formula? im so confused and have no idea where does it from, help me pls:)

[@Younessss_]

I love you for this

[@cyndara88]

very helpful. Thank you!

[@jonathansheriff1860]

Thank you 😊!!!

[@catherines4884]

You got -1.6 at first and 1.6 on the second one. How are they the same like you said?

[@EconomicsinManyLessons]

The MRS equals the slope of the indifference curve after dropping the minus sign, which mathematically is the same thing as taking the absolute value of the slope of the indifference curve. For example, say the slope of the indiff. curve at a particular point is -4. The MRS at that point is 4, meaning the consumer is willing trade 4 units of good y for 1 unit of good x, all while maintaining the same level of utility.

[@muhammadazkas2738]

Is it U = X^2*Y is absolute equation or you can derive the equation to whatever you want? im sorry if my question looks dumb, but it would be nice if u can help me to understand this

[@EconomicsinManyLessons]

There is no single or absolute utility function. I didn't derive it. The utility function used in this video is called a Cobb-Douglas utility function (the most popular) and takes the form U =( X^a)(Y^b), where a >0 and b>0. I randomly selected values for the exponents a and b. I could have used different examples U =XY, U = (X^0.5)(Y^0.5), etc.

[@muhammadazkas2738]

@@EconomicsinManyLessons ohh, i got it. Thank you sir, your videos help me a lot to understand economics🙏🙏

[@monsogo126]

Someone tell him to press {Shift + Ctrl + S} to stop recording. It works

[@wewinwiracorneliswahid6602]

can a utility function be what you just made there? I mean shouldn't more goods lead to less increase in utility/satisfaction? (say if ur eating pizza and burgers, the more u eat the more ur full and utility would increase less), with that somewhat exponential utility function that u used, doesn't it defy the assumption.