7.5 - Indifference Curves (3 of 3)

[plaingong]

why is pivoted on point c? hope to get a response thanks

[jameslincs]

Hi Richard McKenzie. Thank you for posting this video, very clear and easy to follow, I've been reading about this in business economics book and now finally understand it thanks to you.

Well done sir. you are a credit to the planet. 

[belkincircle1]

moral of the story: this video is awesome

[fathumptydumpty]

I understood that very clearly thanks but in regards to the marginal rate of substitution what happens if it is less than PX/PY.

Where the equation would be MRSXY < PX/PY. Where x and y are two goods

and P is price.

How would you draw that on the indifference curve? And would you need to adjust it for the consumer to maximize satisfaction?

I'm having trouble on my assignment and would appreciate any help. Thanks

[voidy2003]

thank you sir

[nipplezz]

terrific!!! this was a great help

[jahangirbek]

Excelent job

thanks a lot

[thomuk2006]

moral of the story

[mssegzzy]

thanks, helpful materials