Upload

Loading...

9c. Quasilinear Utility and Demand

47,279 views

Loading...

Loading...

Transcript

The interactive transcript could not be loaded.

Loading...

Loading...

Rating is available when the video has been rented.
This feature is not available right now. Please try again later.
Uploaded on Dec 29, 2010

In this video, I introduce quasilinear utility. I show how to compute marginal rate of substitution for quasilinear utility, as well as the result that the indifference curves are parallel. I also outline how to solve for the demand curves when utility is quasilinear.

I finish the video with an example of quasilinear utility, where utility has the form u(x,y) = y + log(x). The example is simple to compute and this simplicity demonstrates why we see quasilinear utility show up so frequently.

For a list of videos and links to these videos (organized by topic), check out the Intromediate Microeconomics video web page:

http://blog.thisyoungeconomist.com/p/...

This video uses calculus and is part of my effort to supplement my non-calculus text "Intromediate Microeconomics" with calculus-based examples and techniques. This book is available for purchase ($20 for an electronic copy) at my storefront:

http://www.lulu.com/cookson

  • Category

  • License

    • Standard YouTube License

Loading...

Advertisement
When autoplay is enabled, a suggested video will automatically play next.

Up Next


to add this to Watch Later

Add to

Loading playlists...