Monotonic Transformation of a Utility Function | Meaning | Definition | Example | 13 |
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- Опубліковано 9 лют 2025
- This video talks about
1) Meaning and Definition of Monotonic Transformation
2) How to check whether the transformation will preserve the preference ordering
3) Simple Proof : MRS (U) = MRS (f(U))
Reference : Varian Chapter 3
This is useful for those who are preparing
1) Intermediate Microeconomics Course in their semesters
2) UGC Net Economics
3) Basics of MA Economics Entrance Exam (DSE/ISI/JNU/IGIDR/MSE)
4) Indian Economic Services
For any course related query please call 9999886629
or visit nishantmehra.com for IAS Economics Optional/ Indian Economic Services/ UGC Net Economics
or visit Ecopoint.in for MA Economics Entrance Coaching
This video talks about
1) Meaning and Definition of Monotonic Transformation
2) How to check whether the transformation will preserve the preference ordering
3) Simple Proof : MRS (U) = MRS (f(U))
Reference : Varian Chapter 3
This is useful for those who are preparing
1) Intermediate Microeconomics Course in their semesters
2) UGC Net Economics
3) Basics of MA Economics Entrance Exam (DSE/ISI/JNU/IGIDR/MSE)
4) Indian Economic Services
For any course related query please call 9999886629
or visit nishantmehra.com for IAS Economics Optional/ Indian Economic Services/ UGC Net Economics
or visit Ecopoint.in for MA Economics Entrance Coaching
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