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Last Updated: September 18, 2026
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This video shows how to maximize In this video I explain how to maximize Equating MRS and the slope of the budget line to find the optimal consumption bundle that I show a trick for finding the Marginal Rate of Substitution function if you have a MIT 14.01 Principles of Microeconomics, Fall 2018 Instructor: Prof. Jonathan Gruber * View newer version of the course: ... Utility Maximization with a Cobb-Douglas Utility Function How to solve for a consumer's demand equations from a Introductory video explaining the graphical representation of This is the second and numerical example for finding the marginal rate of substitution for a specific
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