Indirect Utility Function: How to Derive

This video derives a consumer's indirect utility function.
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[@mervekahramanoglu7]

YOU CANNOT EVEN IMAGINE HOW HELPFUL THIS VIDEO WAS, THANK YOU SO MUCH!

[@vikramaggarwal2537]

God bless you Man, your video is a real lifesaver, also your way of explaining is real nice.

[@EconomicsinManyLessons]

I appreciate the kind words! Thank you!

[@AaronEstevezMiller]

Thanks! Really helped clarify the concept for me.

[@bilalbhat239]

Thanks a lot...Explained so brilliantly and easily...

[@momoa6527]

any idea where can I find questions with answers for practice ?

[@bo9449ob]

So the Lagrangian method arrives at the same answer, when should I use your method and when should I use Lagrangian? Whats the difference?

[@shineyourlight1653]

it will use when you maximize the utility sorry i know its very late but just saw the video

[@thekingprajna]

Thanks a lot. Your video helped me a lot.

[@redi1322]

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[@adil8651]

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Am you 4 years later😭

[@user-ex9hg4ey3i]

Thank you so much, it helped a lot

[@alexmaclellan1983]

Very, very helpful. Thanks!!

[@TAPANDAS-im7ek]

thanx ... this one was really very helpful .

[@Olav3D]

Very helpful, thanks!

[@NaseemKhan-zy2ew]

Thank a lot. I took very much from this video..

[@mannojrijalnepali1951]

Thank you for this video.

[@ahanapal4055]

Thanks a lot... Really helpful!❤️

[@aminaawan2394]

Thak you so much sir.....love from Pakistan

[@narosenpongen2438]

Thank you so much..it was Very helpful ...

[@tayebmustafa8606]

very helpful thank you

[@vincentcobb907]

If I take a monotonic transformation of the utility function, do I take my marshallian demand derived here from back into the original utility function????

[@Hadoukenz431]

Thanks so much man, helped me alot

[@leilalesueur8077]

thank you so much!

[@saadkphotos]

Very helpful!

[@mangomangomanguito]

hero without a cape.

[@mahyarebrahimitorki3189]

Nice!Thank you!

[@Shivani-hc7ok]

Very helpful . Thanks

[@fatikhania1860]

LIFE SAVER

[@abhisheksanyal1324]

Thank you so much.....

[@thePrahoable]

So the derivative in terms of x/y is always y/x and x/y remains constant?

[@EconomicsinManyLessons]

Let U =XY. Here's a way to think about it. To take the partial derivative of this is function with respect to X, set Y = C, where C is just a constant. Then U = XC ,or rewriting U = CX. The derivative of this is just C. Replace the C with the Y variable and you get the correct partial derivative of the function with respect to X, which is Ux = Y. Do the opposite when finding the partial derivative of U with respect to Y; that is set X = C and then take the derivative.

[@BluestoneAlley7]

Thank you

[@nusrattazriauthor5447]

THANK YOU SO MUCH

[@aidatopic320]

Thank you so much!

[@EconomicsinManyLessons]

You are welcome!

[@brothersistervlog2713]

Thank you sir 😊

[@ellieeeee615]

thank you

[@TuanNguyen-zc8ig]

What is the condition equation "MUx/Px = MUy/Px" ?

[@kayoungchoi3218]

+Tuan Nguyen It is the first order conditions -- slope of budget constraint equals slope of indifference curve (marginal rate of substitution)

[@smritihembrom8456]

Thanks a lot

[@mjw9612]

Can I send you the recording of my lecture? So that you will know how good you are!!!!!!!!!

[@enyishadmas8321]

thanks alot!!

[@vaishalichaturvedi1500]

Can u please make a vedio on "duality between CES indirect utility and expenditure functions ". ?

[@EconomicsinManyLessons]

I hope this helps: kzbin.info/www/bejne/b5Cvm3uJdrSGorM

[@emmanuelkayode7742]

Very helpful. The denominator on the final equation should be 2PxPy i believe

[@the_growth_mindset.]

no it shouldnt

[@ainanaoroibam3375]

This video is very helpful😍

[@EconomicsinManyLessons]

Glad it was helpful!

[@the_growth_mindset.]

Why is the derivative of U with respect to x, y?

[@EconomicsinManyLessons]

harry james . In this case, we treat y as a constant when we take the partial derivative of U with respect to x. For example, let y equal a constant like 2. So U = 2x. What's the derivative of 2x? Answer = 2, the constant which is represented by y.

[@mohammadumair8636]

Is this hicksian demand function??

[@shweta6362]

Thank you so much

[@maniahaseeb1087]

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[@darkacademiax_]

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[@srishhtisinha5569]

Really helpful, thank you

[@__.elsiee]

Thank you

[@jedsimpson6785]

Very helpful, thanks!

[@fildabeast1103]

Really helpful!!!!! Thanks!!!!

[@wendywu5515]

really helpful, thank you sooo much