Marginal Analysis and Consumer Choice- Micro Topic 1.6

Marginal Analysis and Consumer Choice- Micro Topic 1.6

Jacob Clifford

5 лет назад

568,113 Просмотров

Want to know the longest wait time? Scroll to the bottom of this description to find out.

Hey students. This video is designed to help you calculate and apply marginal utility and marginal utility per dollar. Many teachers and professors ask questions that require you to determine the utility maximizing combination with two goods. Be sure to try the practice free response question below as well as the study guides in my Ultimate Review Packet. Thanks for watching.

Practice Question with Answers: https://goo.gl/arwNno
Economics of Disneyland: https://goo.gl/xyZDuR

According to my research, the longest wait at a Disney theme park was 7 HOURS for Guardians of the Galaxy- Mission: Breakout! What do you think? Let me know.

Тэги:

#utility #marginal #total #practice #econ #activity #maximizing
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Комментарии:

@JacobAClifford
@JacobAClifford - 28.09.2018 05:58

Guess how long the longest wait time was at a Disney theme park? The answer is in the description above.

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@hudanur1707
@hudanur1707 - 09.12.2023 08:49

Is there someone to explain question d ? because when the combination 3 units of x and 4 units of y, MUx/Px does not equal to MUy/Py

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@jameskellogg7186
@jameskellogg7186 - 08.12.2023 07:47

7 hours

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@huntergrabar3295
@huntergrabar3295 - 06.12.2023 05:14

your daughter was like "dad stop talking about economics the line is moving up"

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@juliecoco4507
@juliecoco4507 - 23.11.2023 19:30

I guessed 7 hours !!

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@lakshmirajan1992
@lakshmirajan1992 - 23.11.2023 09:41

When he has 4$ per ride how can he take total of 5 rides?
I don't really get the combination 3:2. How? When the MU/P = 10 the consumer can chose only either of the rides right considering he has just 4$ left?How can he chose both?

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@user-jk5ut9zg8w
@user-jk5ut9zg8w - 08.11.2023 11:24

guy have no time for his daughter even though he is going with her to Disneyland

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@babysomthing21
@babysomthing21 - 08.11.2023 03:27

🙏🙏

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@shylafernandes3223
@shylafernandes3223 - 05.11.2023 06:58

I really enjoy your video's. you give great information.

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@jlking2827
@jlking2827 - 01.10.2023 02:46

Great videos, but youi speak so fast that I have to slow down the playback speed, so you sound like you have been drinking :)

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@lilbuji5134
@lilbuji5134 - 26.09.2023 11:57

chat gpt recommended this video to me, you have the AI's preference FYI

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@alexishadfield
@alexishadfield - 09.06.2023 21:42

I am so glad my techer chose to have your videos as a resource! They really help reinforce the information in an entertaining and understandable way.

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@khanyalubega8329
@khanyalubega8329 - 08.06.2023 03:01

I love you so much man, absolutely wouldn't be this far without you. I wish you nothing but blessings and prosperity

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@kireshanmoodley2510
@kireshanmoodley2510 - 23.05.2023 09:38

I’m writing in 4 hours and don’t know anything😭

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@user-ko6qe9fy6m
@user-ko6qe9fy6m - 12.05.2023 05:10

thank you ,you help me understand it

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@Explodedd
@Explodedd - 05.05.2023 03:32

watching this video gotta be at least 50 utils

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@michaelbo8961
@michaelbo8961 - 29.04.2023 11:39

I must be the latest comment🤣

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@besaru5103
@besaru5103 - 21.04.2023 23:43

Sir, you are a true legend. My respects to you!

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@kenlandon6130
@kenlandon6130 - 19.04.2023 02:42

watched this vid and got 6/7 on the practice frq. missed part c

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@FullPotentialAP
@FullPotentialAP - 18.04.2023 09:15

Got 104% in my micro econ class shout out to ur awesome videos, and the curve🙏

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@rileygrannis7610
@rileygrannis7610 - 08.04.2023 05:53

I got a 6/7 on the AP FRQ, missed part B on Consumer surplus

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@user-xh9oq6zc1m
@user-xh9oq6zc1m - 26.03.2023 22:48

thanks dude

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@Shaheer7X
@Shaheer7X - 26.03.2023 16:00

But what if you prefer the rockets ride more than the roller coaster in this case, wouldn't it be a different combination of how an individual could spend their $16 then?

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@abhoyhriddo1084
@abhoyhriddo1084 - 15.03.2023 20:25

This man is GOATed

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@mml5808
@mml5808 - 10.01.2023 00:54

8.:13 almost punched my computer there

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@prahladhegde5935
@prahladhegde5935 - 31.12.2022 10:04

His enthusiasm 🌟

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@abdullahalazzani875
@abdullahalazzani875 - 30.12.2022 17:25

I really love you man

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@chenjing-pz2xm
@chenjing-pz2xm - 18.12.2022 03:21

where can we see the answers?

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@glorynyorhnguh9760
@glorynyorhnguh9760 - 15.12.2022 08:57

Thank you Mr. Jacob!🙂🙂🙂

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@meheh002
@meheh002 - 04.12.2022 11:57

I've just muted my professor to listen to your video instead.

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@FranchescaC
@FranchescaC - 14.11.2022 06:30

How to get the MU/P (Price=$4)?
With the answers
30
20
10
8
So on and so forth…

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@Thelittleone412
@Thelittleone412 - 18.10.2022 22:35

The utiles… the utiles it’s too much

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@lalathelemonllama
@lalathelemonllama - 29.09.2022 23:13

thank you for this so much this really helped

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@arjunsrivastava5334
@arjunsrivastava5334 - 13.09.2022 06:34

Your video are awesome ! Such clarity I got about the questions, just too good.

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@ironandzinc
@ironandzinc - 12.09.2022 16:53

It's almost looks like it turns out to be a nash equilibrium/game theory

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@onepeopletv6531
@onepeopletv6531 - 12.09.2022 05:40

Smart

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@samantharipley3813
@samantharipley3813 - 07.09.2022 23:24

I don't understand how we got the last 10 and 10 instead of 10,8,4... Idk if that make sense. Why did we go with riding the roller coaster for a 3rd time? help?? @jacob clifford

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@vishwapratapsingh3910
@vishwapratapsingh3910 - 25.08.2022 17:00

thank you prof for this....

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@sach_v8360
@sach_v8360 - 14.08.2022 05:57

Thank you so much these videos are so valuable .....❤️

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@leongrenyion9548
@leongrenyion9548 - 24.07.2022 00:44

Technology enables us in The United States to learn access our learning and to do lectures at anywhere and anytime. Finally, I just wanted to say, this video is awesome. I learned a lot from it. Thank you to my school Broward College, Mr. Clifford, and God bless America.

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@vinnieraps858
@vinnieraps858 - 25.06.2022 00:41

Man I love Jacob Clifford. Had a class with my lecturer a few weeks ago but I found it hard to understand the Marginal utility concept, been trying to study and understand it better but I still couldn't grasp it. Thanks to this video I now understand this topic. Need to take this guy to Disneyland as a reward for his lessons.

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@mlbbkarma5316
@mlbbkarma5316 - 21.06.2022 20:29

i scored 6/7

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@theresagallo4821
@theresagallo4821 - 01.06.2022 08:17

thank you for all your help!

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@ifinksdereforiare
@ifinksdereforiare - 26.05.2022 13:09

You explain things so succinctly and in such a fun way. Definitely one of the best economics channels!

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@zebaali2529
@zebaali2529 - 19.05.2022 12:29

Why is that the consumer is in equillibrium if the Marginal Utility per dollar spent on Good A = MU per dollar spent on Good B? It can be that , given , my income , at the last dollar spent my MU x/Px > MUy/Py right, And the consumer has to stop consumption as he has used up all his money.. Can you help me understand this. I am Struggling

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@lailatarazi3048
@lailatarazi3048 - 05.05.2022 16:57

the sum of total utility got me 😂😂

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@kelebogilemokoka5617
@kelebogilemokoka5617 - 25.04.2022 00:18

Best Economics teacher!!

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