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2 Price consumption curves videos

In these videos we discuss what is price consumption curve and how to derive demand curve from these. Price consumption curve is the locus of equilibrium points when price of one of the good changes.

One application of derivation of PCC and hence demand curve for perfect complements is also done for better understanding Continue reading →

5 Mathematical Derivation of Demand Curves of Cobb Douglas, Perfect Complements, Perfect Substitutes, Quasi-linear and max utility functions

In the following videos we show how to derive marshallian demand vector of the form x*(p,m) and y*(p,m)

Budget equation is m=p1x + p2y

We have several utility functions. Our motive is to derive maximum utility subject to the budget or income given. Continue reading →

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Tag Archives: demand curve

2 Price consumption curves videos

5 Mathematical Derivation of Demand Curves of Cobb Douglas, Perfect Complements, Perfect Substitutes, Quasi-linear and max utility functions