brother equate expenditure to income then simply find u in terms of p1 ,p2 and m and this is nothing but the indirect utility. To find compensated demand use shephard lemma ie differentiate e wrt p1 to get Xc and Yc
Dr. Selcuk you're a math genius! Thank you for these amazing lessons i always get stuck with wrong solutions because of simplifying algebric terms especially when exponents and always forget what i studied. what's your advice?
![(M3E14) [Microeconomics] Expenditure Functions: Intuition and Relation to Indirect Utility Functions](http://i.ytimg.com/vi/G4RpBlx2Juo/mqdefault.jpg)
![(M3E14) [Microeconomics] Expenditure Functions: Intuition and Relation to Indirect Utility Functions](/img/tr.png)
![(M4E3) [Microeconomics] Equivalence of Marshallian and Hicksian Demand Curves: A Numerical Example](http://i.ytimg.com/vi/xPqzrcIhdnA/mqdefault.jpg)
I love this, I really learnt
Thank you Selcuk ✅
Your presentations are great!
Given E(p1,p2,U)=U√p1p2
1.calculate indirect utility
2.calculate compensated demand function
Demonstrate slutkeys
brother equate expenditure to income
then simply find u in terms of p1 ,p2 and m
and this is nothing but the indirect utility.
To find compensated demand use shephard lemma ie differentiate e wrt p1 to get Xc and Yc
Dr. Selcuk you're a math genius! Thank you for these amazing lessons
i always get stuck with wrong solutions because of simplifying algebric terms especially when exponents and always forget what i studied. what's your advice?
Hocam Allah razı olsun
Where do you get py^2/3 * py^1 @ 14:53? Great video!
Nevermind, I see the correction...
Gorgeous!
legend
Hard to understand for fresh economic student!