6a. Marginal Rate of Substitution and Marginal Utility (with Calculus)
In this video, I use calculus to derive the relationship between marginal rate of substitution and the marginal utilities of the two goods. Check out a description of my teaching activities here: www.tonycookson.com/teaching Check out a list of the videos in this series (organized by topic) here: http://blog.thisyoungeconomist.com/p/learn-microeconomics.html
Length:
04:45
