Have you ever struggled with editing your SE document while on the go? Well, DocHub has an excellent solution for that! Access this online editor from any internet-connected device. It enables users to Replace effect in SE files quickly and anytime needed.
DocHub will surprise you with what it provides you with. It has robust functionality to make any changes you want to your forms. And its interface is so simple-to-use that the entire process from start to finish will take you only a few clicks.
Once you finish adjusting and sharing, you can save your updated SE document on your device or to the cloud as it is or with an Audit Trail that contains all changes applied. Also, you can save your paperwork in its initial version or convert it into a multi-use template - complete any document management task from anywhere with DocHub. Sign up today!
in this video were gonna look at solving for the income and substitution effect of a price change well start here with a consumers utility function good accent good Y both raise to the 0.5 power consumers income and prices are given here we want to see what happens if the price of good-x increases to $10 in other words we want to find the total effect substitution effect and income effect of the price change let me first look at this graphically and that might help a guide us in understanding the mathematics a little bit better let me move up here ok here we go so the first thing were gonna do is were going to maximize utility subject to the initial price of good-x equalling $5 price of good-y equaling $2 and we find that tangency occurs at Point a were gonna see mathematically the consumer by 2 units of AX and 5 units of y okay and then what were gonna do is were going to maximize utility subject to the new higher price for a good X when the price of good-x equals $10 thatll s