The Shortcut Way to Maximize a Utility Function

In this video, we will talk about shortcut ways to maximize different types of utility functions.
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#economics #microeconomics #consumer #advanced #graduate #maximize #Maximization

[@bsoy821]

hello! I am unsure about question b. Consider a consumer who has to allocate their budget between two goods, x and m. The price of x is p, and the price of m is 1. The consumer's utility function is: U(x,m)=8√x + m.
(a) When does the consumer prefer a little more of good x over a little more of good m? Explain.
(b) Illustrate the consumer's demand for x. Label important elements in your diagram.
could you please help?