2. Preferences and Utility Functions
41:24
YouTubeMIT OpenCourseWare
2. Preferences and Utility Functions
MIT 14.01 Principles of Microeconomics, Fall 2018 Instructor: Prof. Jonathan Gruber * View newer version of the course: https://ocw.mit.edu/14-01F23 * YouTube Playlist: https://www.youtube.com/playlist?list=PLUl4u3cNGP62oJSoqb4Rf-vZMGUBe59G- This video focuses on the demand curve, derived from how consumers make choices, and the supply curve ...
1M viewsJul 16, 2020
Indirect Utility Function Examples
SOLVED:A consumer has an indirect utility function of the form v(p1, p2, m)=(m)/(min{p1, p2}) What is the form of the expenditure function for this consumer? What is the form of a (quasiconcave) utility function for this consumer? What is the form of the demand function for good 1 ?
SOLVED:A consumer has an indirect utility function of the form v(p1, p2, m)=(m)/(min{p1, p2}) What is the form of the expenditure function for this consumer? What is the form of a (quasiconcave) utility function for this consumer? What is the form of the demand function for good 1 ?
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How to Calculate Utility Function | Sapling
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