I was completely lost till i saw your video. How on earth more people didn't post a video about this. Thank you so much sir you explained the whole situation so well!
You tell me. Does utility ever change when we change consumption? What does that mean for the indifference curves that measure different levels of utility?
@@michaelosei7901 if utility doesn't change then the whole graph exists on one level of utility. Your IC is not a single curve, but is just everything. Good luck!
I was completely lost till i saw your video. How on earth more people didn't post a video about this. Thank you so much sir you explained the whole situation so well!
I am glad to hear it! Good luck!
Thank you thank you thank you!!!! Now I finally understand how to draw ICs. No book, no video, no tutor made this as easy as you did.
Glad to help!
Good luck!!
The use of the mountain reference helped so much!
Good. Glad to hear it!
Hi! Im a student from Brazil and this video helped me A LOT! Thank you so much!!
Glad to hear it! Good luck in micro!
thank you ! really nice way of explaining this topic
Glad to hear it helped! Good luck.
Thank you, this really summed everything up!
Glad it helped! Good luck!
Thanks a lot sir! This really helped a lot😊
Makes so much sense!!!
Thank you😚😚
Haha, my pleasure!
thank you so much
My pleasure!
What if x & y both are good upto a certain point
What will be the shape of ic ?
Put the mountain on the good point and go for it!
Didn't get it 😕 where should I put the mountain left side or right??
@@mytinyw0rldif both are good it will not be on either edge. Put it where utility is highest.
pls give explanations to these curves
Are you just referring to what an indifference curve is?
If so: ua-cam.com/video/ghvJGAUTgHc/v-deo.html
what happens when you are indifferent to both items
You tell me. Does utility ever change when we change consumption? What does that mean for the indifference curves that measure different levels of utility?
@@MattBirch utility doesn't change since you are indifferent to both. I think the indifference curve here would be L shaped. Not sure
@@michaelosei7901 if utility doesn't change then the whole graph exists on one level of utility. Your IC is not a single curve, but is just everything. Good luck!
@@MattBirch so is it just a graph with no IC on it ?
@@michaelosei7901 I would lean towards a giant square covering everything. All one level. I dunno though. I have never drawn one like that.