Lagrangian: Labor-Leisure Choice Model

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  • Опубліковано 29 жов 2024

КОМЕНТАРІ • 11

  • @Lil_Nezzi
    @Lil_Nezzi Рік тому +2

    Life saver, I was going crazy how to solve this without the price of consumption

  • @rowenang6761
    @rowenang6761 5 років тому +1

    thank you so much! this is very helpful!

  • @dannytrejo9976
    @dannytrejo9976 Рік тому

    Good work

  • @apurvap6420
    @apurvap6420 Рік тому

    Can someone please explain what is consumption spending. My teacher just started this without giving any background.
    Can someone please suggest a video to understand the concept of this

    • @vonwaq
      @vonwaq 9 місяців тому +2

      basically you spend what you earn, assuming no savings unless otherwise stated. so if you work 8 hours making $10/hour, consumption spending would then be $80, which would be the opposite than if you spent the 8 hours fully on leisure

  • @dragonthrone01
    @dragonthrone01 2 роки тому

    Great video!

  • @haniajamshaid7634
    @haniajamshaid7634 5 років тому

    thanks it helped me alot

  • @josephselwan1652
    @josephselwan1652 4 роки тому

    thanks

  • @asdcsd2682
    @asdcsd2682 3 місяці тому

    good

  • @LanteLuthuli
    @LanteLuthuli 4 роки тому

    hi5