Search for tag: "maximization"

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Ultimatum Game duration 4 minutes 28 seconds Ultimatum Game Ultimatum Game	Ultimatum Game The ultimatum game is explored to more fully examine the rationality assumption and the theory of utility maximization. It also takes a hard look at the issue of fairness and its role in economic… furthermore people money money. actions well economic participants utility ultimatum game proclamation utility maximization actors rational offer models monetary reason effects opportunity perceived traditional person amount behavior uncontroversial From Richard Gosselin 0 likes 0
Consumer Choice - Deriving the Demand Curve duration 2 minutes 1 second Consumer Choice - Deriving the Demand Curve Consumer Choice - Deriving the Demand Curve	Consumer Choice - Deriving the Demand Curve Consumer Choice - Deriving the Demand Curve. consumer choice - deriving the demand curve demand curve point housing constraint budget utility houses points e2 e1 quantity level m1 maximization p0 units io consumers thing From Richard Gosselin 0 likes 0 Creative Commmons License Attribution: CC BY
Consumer Choice - Utility Maximization Using the… duration 2 minutes 17 seconds Consumer Choice - Utility Maximization Using the… Consumer Choice - Utility Maximization Using the Basic Method	Consumer Choice - Utility Maximization Using the Basic Method Consumer Choice - Utility Maximization Using the Basic Method. Image provided by OpenStax. consumer choice utility movies shirts combination teacher fact lecture segment dollar ratio maximization welfare total money shirt satisfaction utils income worth constraint From Richard Gosselin 0 likes 0 Creative Commmons License Attribution: CC BY
Changing Lanes and Raising Utility duration 3 minutes 15 seconds Changing Lanes and Raising Utility Changing Lanes and Raising Utility	Changing Lanes and Raising Utility Changing Lanes and Raising Utility. This material in this video was adapted from "Principles of Economics" which is entrusted to the UNIVERSITY OF MINNESOTA LIBRARIES PUBLISHING EDITION,… changing lanes utility maximization utility lanes drivers coffee toll minutes decision occupancy budget behavior mr hour traffic cup vehicles goal explanation change premium loss From Richard Gosselin 0 likes 0 Creative Commmons License Attribution: CC BY
Monopoly Profit Maximization duration 1 minute 26 seconds Monopoly Profit Maximization Monopoly Profit Maximization	Monopoly Profit Maximization Monopoly Profit Maximization monopoly (economics) profit maximization profit cost monopolist level output atc curve revenue demand monopoly rectangle difference times unit point side hand mc mr dot From Richard Gosselin 0 likes 0 Creative Commmons License Attribution: CC BY
Monopoly - Profit Maximization duration 5 minutes 50 seconds Monopoly - Profit Maximization Monopoly - Profit Maximization	Monopoly - Profit Maximization Monopoly - Profit Maximization monopoly - profit maximization cost profit monopolist firm revenue demand output unit reason curve money mr thing lot mc opportunities disease region production rule From Richard Gosselin 0 likes 0