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Utility Maximization problem constrained optimization in economics

  Рет қаралды 6,963

ECON MATHS

ECON MATHS

Күн бұрын

in this video we will solve a problem on utility Maximization
given U = √x+√y and Px X + PyY= M
find optimal values of x and y
to solve this, first we write the First Order Condition for Utility Maximization ie MRS = ratio of prices

Пікірлер: 8
@animexkey8109
@animexkey8109 6 ай бұрын
God bless you richly❤
@sudeep_dwivedi
@sudeep_dwivedi 5 ай бұрын
Gr8 ❤❤
@daggyauto3025
@daggyauto3025 10 ай бұрын
Helpful thanks
@jenskuppers6672
@jenskuppers6672 Жыл бұрын
You are brilliant! Thank you so much, my friend!
@ECONMATHS
@ECONMATHS Жыл бұрын
thanks for the appreciation brother. please share this channel with your friends also
@eltonloverboy
@eltonloverboy 9 ай бұрын
Helpful
@user-uq4cr7ul3m
@user-uq4cr7ul3m 9 ай бұрын
My answer was x=6 and y=30! Is it wrong?
@clayyeager
@clayyeager 9 ай бұрын
Yes
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