The Utility Function | Microeconomics скачать в хорошем качестве

The Utility Function | Microeconomics

In this video, I introduce the utility function, a fundamental concept in microeconomics that allows economists to represent consumer preferences mathematically. What you will learn: What is a utility function and how it represents felicity/satisfaction How to interpret utility values: ordinal vs. cardinal utility Real-world examples using apples and bananas 🍎🍌 How utility functions relate to indifference curves Utility functions of special cases: perfect substitutes vs. perfect complements Intended audience: economics students, teachers, and anyone curious about how economists model decision-making and preferences. Chapters: Introduction What Is a Utility Function? Example with Apples and Bananas Ordinal vs. Cardinal Interpretation Visualizing Utility Functions Special Cases (Substitutes & Complements) Summary & Applications 📌 Please subscribe for more in-depth economics videos. 👍 Please like & share this video to support free education 💬 If you have questions/suggestions, please use the in the comments below #microeconomics #consumerbehavior #indifferencecurve