The Utility Maximization Rule

Рет қаралды 201,890

Күн бұрын

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

Пікірлер: 72

@obhenx 2 жыл бұрын

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

@freddymorales7227 2 жыл бұрын

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

@kevinmunge8431 4 жыл бұрын

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 2 жыл бұрын

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

@shae2491 3 жыл бұрын

the most helpful video on youtube for this, thank you

@A.Anas963 6 жыл бұрын

You are amazing with the way you explained it!

@isabelnowemigisha9720 2 жыл бұрын

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

@elphazmesfin7420 8 ай бұрын

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

@practicalanthrax8577 3 жыл бұрын

Very helpful! Thank you.

@Teewaree13 4 жыл бұрын

Very well explained. Now I get it!.🐺

@jus_Ivy 8 ай бұрын

This has been of great help for my exams

@stephentobia385 4 жыл бұрын

Im actually going downstairs to get some cake rn

@prannoychand2669 3 жыл бұрын

Lucky you can afford it

@AngryDavid808 3 жыл бұрын

Many thanks! Very appreciated ❤❤

@tamaragraham3281 2 жыл бұрын

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

@kyesin4204 3 жыл бұрын

Thank for clear lecture on utility

@xsencio5959 3 жыл бұрын

Thank you! You just made me my report.

@edgardvillanueva-cruz9543 4 жыл бұрын

CLEARED IT UP THX!!

@callumwells 6 жыл бұрын

Oh my god dude... thank you!!

@joehan8355 4 жыл бұрын

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

@mariokartman10 6 жыл бұрын

Ahhhhhh no way you know this song. I love it this guy is my favorite. Glad to know im not the only one who knows about Brad Sucks. You just earned a big fat sub. As well that was a very helpful video and was exactly what i was looking for.

@jonathanw8342 2 жыл бұрын

great explanation, thanks :)

@azizaaltyyeva5046 7 ай бұрын

super clear explanation ))

@zezzrelramirez1033 3 жыл бұрын

The intro is dope!

@ahmedalam5048 4 жыл бұрын

Thanks !! I found this VDO very useul

@HopeBase 3 жыл бұрын

God bless you for making this easy for me

@pempherolimbithu6282 4 жыл бұрын

you helped a lot

@dalitsosavielchilomo5777 Жыл бұрын

This was helpful 🫡

@sakashgupta6412 3 жыл бұрын

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

@ikunnana7270 4 жыл бұрын

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 🙆‍♀

@josephtaring4540 4 жыл бұрын

Thank you very much sir 😘

@samueljuliana Жыл бұрын

Thank you very much..m

@Su-xc8yi 2 жыл бұрын

U r my life saver thanks a lot

@elinaphiri8316 2 жыл бұрын

Thanks so much ❤️

@vekin11 4 жыл бұрын

Thank You!!!!

@imthiyasahamed1557 3 жыл бұрын

good explanation... tanx sir

@sherahlegalmaker4127 Жыл бұрын

God bless u it's a very good presantation

@mzaz2844 2 жыл бұрын

thank you!

@siyabongadunn8428 Жыл бұрын

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

@indaybelsuminguit7900 Жыл бұрын

New here thank for your explanation helps to understand my modules

@daydreamer2315 5 жыл бұрын

Shukran

@theamateur6731 2 жыл бұрын

Amazing!!!!!!

@arsenalfanbase5381 2 жыл бұрын

Amazing

@trayeedhar9345 3 жыл бұрын

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

@shell2793 5 жыл бұрын

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

@brycedupree253 4 жыл бұрын

Lol needed this😭

@karabidas9987 Жыл бұрын

PLEASE SUGGEST A BASIC BOOK

@skrapsaker2035 2 жыл бұрын

U’re awsome!!

@ramu992 4 жыл бұрын

Suddenly craving cake now.

@user-rb7fh6ol8n 3 жыл бұрын

شرح جميل ورائع 💚

@prannoychand2669 3 жыл бұрын

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

@zezzrelramirez1033 3 жыл бұрын

What's the title of that intro song btw?

@Mr.G_Rattlesnake 6 жыл бұрын

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.

@jenin8411 3 жыл бұрын

Thaaaaaank youuuuuu

@devrathchatterjee7684 4 жыл бұрын

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 2 жыл бұрын

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 Жыл бұрын

One step at a time ..... 💃

@richardkulabi3118 7 ай бұрын

that was great did it before i died

@OSTemli 5 жыл бұрын

Where is mathematical derivation

@coolmxx 2 жыл бұрын

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…