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| Name | Micro: Unit 2.2 -- Utility Maximization |
| Video Uploader | Video From You Will Love Economics |
| Upload Date | This Video Uploaded At 06-03-2020 20:00:00 |
| Video Discription | Hey Everyone! I'm Mr. Willis, and You Will Love Economics! In this video, I will: - Explain the process by which consumers choose the utility maximizing combination of goods when faced with an income constraint - Practice calculating the marginal utility per dollar (MU/P) for every unit of a good and then evaluate how to spend a limited income to maximize utility - Demonstrate how a consumer will determine the number of units to purchase until all disposable income is spent and utility has been maximized (MU/Px = MU/Py) - Discuss how consumer decision-making and purchases will change if product prices and income level change Are you looking to teach this topic in your class? We have designed an activity to fit perfectly with this video: https://www.teacherspayteachers.com/Product/Utility-Maximization-Activity-3963808 Follow our store on Teachers Pay Teachers https://www.teacherspayteachers.com/S... Look for us on Social Media: Instagram -- http://www.instagram.com/youwillloveh... Facebook -- http://www.facebook.com/youwilllovehi... Subscribe to our YouTube Channel: https://www.youtube.com/youwillloveeconomics Check out our website for teaching tips and insight from us- https://sites.google.com/view/you-will-love-history/home |
| Category | Education |
| Tags | Education Download MP4 | Education Download MP3 | Education Download MP4 360p | Education Download MP4 480p | Education Download MP4 720p | Education Download MP4 1080p |
