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(M2E3) [Microeconomics] Marginal Rate of Substitution (MRS) and Convexity of Preferences

This episode introduces the concept of marginal rate of substitution and explains how it is calculated. We also introduce the concept of convex preferences and diminishing marginal utility.

It's crucial to watch lecture videos in the proper order to ensure effective learning. This is because the concepts in each video build upon those introduced in previous videos. To help you with this, I recommend visiting my website, www.selcukozyurt.com, for a recommended course outline.

Видео (M2E3) [Microeconomics] Marginal Rate of Substitution (MRS) and Convexity of Preferences канала selcuk ozyurt
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30 сентября 2020 г. 19:07:40
00:25:40
selcuk ozyurt
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