Episode 18: Consumer Equilibrium

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Episode 18: Consumer Equilibrium

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Күн бұрын

How can we tell what buying decision a consumer will make, given preferences, income, and prices? How will the consumer maximize his/her own happiness?
"Episode 18: Consumer Equilibrium" by Dr. Mary J. McGlasson is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.

Пікірлер: 42

@wtffffffffffffffffffffffff 3 жыл бұрын

The dude basically survived on two pizzas, five beers and six PACKETS of cigarettes for a whole week. God Bless America

@milindogugu5327 2 жыл бұрын

So you learnt that ?

@SubSub-dm6nd Жыл бұрын

@@milindogugu5327 lmao

@SubSub-dm6nd Жыл бұрын

lol lol

@lunaria8949 4 жыл бұрын

After 3 packs of cigarettes I would have lung cancer

@abishekkameswaran2407 3 жыл бұрын

😂

@mjmfoodie 13 жыл бұрын

This example is contrived, of course, to work out perfectly -- but the principle is the same. Spend your money down as far as you can, making sure at each step that you get the most "bang for your buck."

@fishguy1057 10 жыл бұрын

These are very good. I use these for my students as supplemental study material. They love them.

@Sourcelighteer 11 жыл бұрын

Hello. Thank you very much. Really appreciate your work. Finals coming up soon and your channel is like a gold mine :)

@eloisasumulong9493 4 жыл бұрын

Thank you so much!!! 😢😢😢

@laughterfactory2352 5 жыл бұрын

That was so easy!!!! Thank you ma'am it really helped me a lot! Ly 💜❤💓💖

@bilalrehman5466 5 жыл бұрын

Very nice . You made it so easy to understand. Thank you very much

@meganmae6144 2 жыл бұрын

cigarrets should have been labeld as the more expensive item not to mention if that said person spent that amount on cigarrets alone i would consider him be in a rehab unit gosh golly ughhh

@arjunvenkatesh8151 4 жыл бұрын

Number 1 purchase- Health Insurance

@jonakchetia 11 жыл бұрын

im so fucked this finals :(

@TheGerogero 7 жыл бұрын

These are some unhealthy preferences.

@wnsbug 11 жыл бұрын

pizza beer cigs it's what i used to live on. now it's pasta and water!

@hasanthianishadesilva8283 9 жыл бұрын

Thanks for this!!

@usamashoaib3696 9 жыл бұрын

Thank you.

@666alberto 11 жыл бұрын

Who and How is measured the Units of Utility (/satisfaction)? Seems like we're just putting the problem inside a different bag..

@Irefuse960 2 жыл бұрын

Actually no one can ever measure utility and that is why this cardinal approach of studying consumer's equilibrium proposed by Marshall failed.

@nellypisfil-rodriguez1427 4 жыл бұрын

How were the MUs calculated? Will they always be provided?

@anyweighs Жыл бұрын

MU = change in total utility divided by change in units consumed

@izaansharief3443 3 жыл бұрын

GREAT 🙏😊💞👍🙂

@SlamburglarWSU 12 жыл бұрын

"Pizza, beer, and cigarettes" lol

@Sourcelighteer 11 жыл бұрын

It's an economic theory. Unless you put some kind of unit onto it you wouldn't been able to measure & compare options

@jessica386m 5 жыл бұрын

Why after the third pack of cigarettes does he choose beer when the satisfaction is still higher for cigarettes on the 4th unit still? the satisfaction is 8.25 and the others are lower.