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Budget Constraint, Opportunity Cost, & Law of Diminishing Marginal Utility
33:31
YouTubeThe Organic Chemistry Tutor
Budget Constraint, Opportunity Cost, & Law of Diminishing Marginal Utility
This macroeconomics video tutorial provides a basic introduction into budget constraint, opportunity cost, and the law of diminishing marginal utility. The opportunity cost represents the slope of the budget constraint line which can also be calculated by dividing the relative prices of the two goods. My Website: https://www.video-tutor.net ...
38.7K viewsMay 18, 2020
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