Introduction to Perfect Substitutes Optimal Bundle Corner Solution
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Provides an example of ECON 410 Perfect Substitutes (Corner Solution) This video is part of Consumer Theory.
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Summary & Highlights for Perfect Substitutes Optimal Bundle Corner Solution
- Hi Everyone in this video I go through a practice problem where I solve for the
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- Suppose the utility function for the consumer takes one of the following forms: (i) U = 50x + 20y (ii) U = 20x + 50y (iii) U=80x + 40y ...
- This video is made for Practice Midterm 1 of the course Econ 301 (intermediate microeconomics) in Fall 2022 at UW-Madison.
- A discussion of utility functions of the form U = aX + bY.
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