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Marginal Rate of Substitution & It's Derivation | Does Transformation Influence MRS?
Автор: Shah Academy
Загружено: 2023-10-18
Просмотров: 797
Описание:
This video explains the concept of the Marginal Rate of Substitution, its Derivation and proves that if the functional form of the utility function changes, it has no impact on the marginal rate of substitution. We have monotonically transformed the utility function and we have proven that marginal rate of substitution remains unchanged.
Full Course (Microeconomic Analysis Hal R. Varian Book) Playlist:
• Microeconomics Analysis (Advance Varian)
#mrs #monotonictransfermation #microeconomicanalysis #microeconomics #varian
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