The Utility Maximization Rule

This lesson introduces the theory of consumer behavior that says in order to optimize or maximize total happiness or utility, a consumer should purchase goods up to the point where the marginal utility per dollar spent on every good is equal. This "utility maximization rule" of consumption is defined and demonstrated in this lesson
Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! econclassroom.com/?page_id=5870

[@freddymorales7227]

I was absent the day I was supposed to learn this in class, and you literally explained this so amazing and detailed. THANK YOU!!!

[@obhenx]

You're my hero, Prof!!! I really enjoy your short videos of microecon lecture. Thank you.

[@kevinmunge8431]

I have viewed may online tutorials but yours are wow and i have come to love your keen explanation to every detail. You leave no stone unturned.

[@sulanjirabbisinyinza4152]

4 books 8 hours of video and I got it in 10 minutes... Thanks you so very much

[@A.Anas963]

You are amazing with the way you explained it!

[@shae2491]

the most helpful video on youtube for this, thank you

[@stephentobia385]

Im actually going downstairs to get some cake rn

[@prannoychand2669]

Lucky you can afford it

[@isabelnowemigisha9720]

This video really helped me understand utility maximization. Thanks alot🙂

[@callumwells]

Oh my god dude... thank you!!

[@practicalanthrax8577]

Very helpful! Thank you.

[@Teewaree13]

Very well explained. Now I get it!.🐺

[@kyesin4204]

Thank for clear lecture on utility

[@AngryDavid808]

Many thanks! Very appreciated ❤❤

[@tamaragraham3281]

Thank you sooooooooo much for this video! 🙏🏿🙏🏿

[@edgardvillanueva-cruz9543]

CLEARED IT UP THX!!

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[@xsencio5959]

Thank you! You just made me my report.

[@elphazmesfin7420]

thanks soo much i had test today about this and i watched these video before i go to school and i understood everything about the topic

[@jus_Ivy]

This has been of great help for my exams

[@ahmedalam5048]

Thanks !! I found this VDO very useul

[@jonathanw8342]

great explanation, thanks :)

[@HopeBase]

God bless you for making this easy for me

[@zezzrelramirez1033]

The intro is dope!

[@pempherolimbithu6282]

you helped a lot

[@joehan8355]

Thank you so much for making this video. It helps me a lot to understand the equai-marginal principle.

[@azizaaltyyeva5046]

super clear explanation ))

[@josephtaring4540]

Thank you very much sir 😘

[@sakashgupta6412]

thank u so much i had hw on this i needed the help

[@shell2793]

what's the name of the song!! really enjoy it!

[@dalitsosavielchilomo5777]

This was helpful 🫡

[@vekin11]

Thank You!!!!

[@elinaphiri8316]

Thanks so much ❤️

[@ikunnana7270]

Thankiuuuuuu omg I like this vdeo so much✨Nice explanation👍👍👍I hv to present this kind of question in my next tutorial class but I'm not sure for the calculation luckily I saw this vdeo 🙆‍♀

[@Su-xc8yi]

U r my life saver thanks a lot

[@daydreamer2315]

Shukran

[@imthiyasahamed1557]

good explanation... tanx sir

[@samueljuliana]

Thank you very much..m

[@siyabongadunn8428]

tomorrow im writing this (exam ),just saved me........thank you sir

[@mzaz2844]

thank you!

[@indaybelsuminguit7900]

New here thank for your explanation helps to understand my modules

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God bless u it's a very good presantation

[@theamateur6731]

Amazing!!!!!!

[@trayeedhar9345]

i cldnt understad the rough side calculation starts with 6:54, plz help

[@user-rb7fh6ol8n]

شرح جميل ورائع 💚

[@ramu992]

Suddenly craving cake now.

[@arsenalfanbase5381]

Amazing

[@brycedupree253]

Lol needed this😭

[@zezzrelramirez1033]

What's the title of that intro song btw?

[@karabidas9987]

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[@prannoychand2669]

If you had only 14 dollars what products would u have bought?

[@skrapsaker2035]

U’re awsome!!

[@jenin8411]

Thaaaaaank youuuuuu

[@Mr.G_Rattlesnake]

Perfectly explains that you can't find happiness in material objects, wether it be food, clothes, shoes, cars, houses and the list can ultimately go on for ever. In life you're guaranteed nothing, not even your body. When you go back to Mother Earth and make your transition from life to death, people won't remember you for the things you owned but the person you are. You own nothing when you really think about it. So be good to those around.

[@devrathchatterjee7684]

What if we had a budget of $6...we would buy one unit of cake and one unit of ice cream, but the MU/P ratios won't be equal in such cases so is it true we can never maximize utility with such a budget?

[@shanghaistudentvoices1322]

Interesting question...but I think they'll never give such a number on the test. If such numbers do appear, you can write "utility maximization does not exist" (and there's probably going to be an option for that if such a number appears on the MCQ section).

[@thisisyoutubetv3235]

One step at a time ..... 💃

[@OSTemli]

Where is mathematical derivation

[@coolmxx]

Utility ve Hapiness… Harcama yaptıkça, Seyahat Ettikçe v.s. Utilitymiz artar hayattan keyif alır ve daha çok üretmek isteriz… Ünlü Ekonomistler Üniversitelerde bu konuları anlatıyorlar…

[@villagedreamlenzingmize117]

thank u so must for this video ,,but next time more make detail in this video

[@arifakmal3856]

4:11

[@richardkulabi3118]

that was great did it before i died

[@theweekndincludesthursdays8016]

I have no problem with buying guys ;)

[@frankjohn6368]

amazing explaination, tho im pretty sure consumers dont buy guys

[@deepfriedthumb483]

👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼👍🏼

[@xXTheMC3ZockerXx]

Hey! This is just a tip, maybe next time use your phone to record your voice! Modern Smartphones have insanely good mics!

[@chloeheart987]

Idk about you but I'm gonna eat me some Ice cream.

[@adamallen2719]

You do not scoop cake.

[@Entropy-00]

Conclusion: Buy drugs