MRS for Cobb Douglas Utility: The EASY WAY!!!
I show a trick for finding the Marginal Rate of Substitution function if you have a Cobb Douglas utility function. Works for MRTS (marginal rate of technical substitution) as well. If you want to know why I use U=(x^a)(y^b) rather than U=(x^a)(y^(1-a)), see video here: https://www.youtube.com/watch?v=8qYWvtXaJO0
Видео MRS for Cobb Douglas Utility: The EASY WAY!!! канала BurkeyAcademy
Видео MRS for Cobb Douglas Utility: The EASY WAY!!! канала BurkeyAcademy
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