Utility Function Formula

A.1 Utility function | Consumption - Microeconomics

Learn more: http://www.policonomics.com/utility/ Versión en español: https://youtu.be/As2o3--275Y This video explains the very basics of consumer's preferences, and how to successfully build and understand a utility function. We start with basic rationality axioms, then we draw a utility function and lastly we introduce the concept of ...

182.2K viewsJan 10, 2014

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