Optimal Consumption with Cobb Douglas Utility (Example 2)

Hi Everyone in this video I go through a slightly more complicated version of finding the optimal consumption bundle when we have a Cobb Douglas utility function. Example 1: https://youtu.be/GBadhYtljIo 0:00 Introduction 0:22 Reading the question 1:15 Features of the optimal bundle 2:47 Finding the Budget constraint 3:24 Finding the Marginal Rate of Substitution 9:50 Finding s* and m* 13:17 Finding the axis Intercepts of the budget constraint Visit me at www.econhelp.com.au!!