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5 concepts related to relation on a set 22 Jan 2012 | 08:06 am
The videos on this post will make you understand the concept behind the various types of relation on a set. Relation is a topic in discrete mathematics that we must understand before trying to learn a...
5 concepts related to relation on a set 22 Jan 2012 | 03:06 am
The videos on this post will make you understand the concept behind the various types of relation on a set. Relation is a topic in discrete mathematics that we must understand before trying to learn a...
3 MRS conditions for Cobb Douglas, Perfect Complements and Perfect Substitutes 14 Jan 2012 | 09:38 pm
In the following videos, we try to find MRS for several utility functions, say, cobb douglas, perfect complements, perfect substitutes. MRS calculates the rate at which one good is substituted for ano...
3 MRS conditions for Cobb Douglas, Perfect Complements and Perfect Substitutes 14 Jan 2012 | 04:38 pm
In the following videos, we try to find MRS for several utility functions, say, cobb douglas, perfect complements, perfect substitutes. MRS calculates the rate at which one good is substituted for ano...
4 questions about Normal goods,Inferior goods and Giffen goods 13 Jan 2012 | 11:00 pm
In following videos we define what are normal and inferior goods. As income increases, people shift away from inferior goods, while normal goods are those that have direct relation between income and ...
4 questions about Normal goods,Inferior goods and Giffen goods 13 Jan 2012 | 06:00 pm
In following videos we define what are normal and inferior goods. As income increases, people shift away from inferior goods, while normal goods are those that have direct relation between income and ...
4 things you must know about the shape of different indifference curves 11 Jan 2012 | 11:45 pm
Here, we draw indifference curves of several utility functions. Well, our motivation is to draw them, picking up points and convincing ourselves, that yes, this is indeed the shape of an indifference ...
2 concepts related to Marginal Utility 11 Jan 2012 | 07:57 pm
We will discuss two concepts related to marginal utility. Firstly, if you are given any utility function, how do you derive marginal utility of a commodity from it. Secondly, how can you derive margin...
4 things you must know about the shape of different indifference curves 11 Jan 2012 | 06:45 pm
Here, we draw indifference curves of several utility functions. Well, our motivation is to draw them, picking up points and convincing ourselves, that yes, this is indeed the shape of an indifference ...
2 concepts related to Marginal Utility 11 Jan 2012 | 02:57 pm
We will discuss two concepts related to marginal utility. Firstly, if you are given any utility function, how do you derive marginal utility of a commodity from it. Secondly, how can you derive margin...
