Marshallian (Uncompensated) Demand with Cobb Douglas Utility Function

Hi Everyone! In this video I derive our Marshallian (uncompensated) demand when we have Cobb Douglas Utility Function. Here are the contents: 0:00 CONTENTS 1:41 Overview of Steps to Take to find Demand 2:11 Step 1: Impose Optimality Condition (find Marginal Rate of Substitution MRS) 7:31 Step 1: Impose Optimality Condition (set equal to ratio of prices p_1/P-2) 8:15 Step 2 & half of Step 3: Substitute into Budget Constraint (+ solve for x_1) 10:40 Step 3 12:02 Demand when the exponents add up to 1 Please consider liking and subscribing and commenting to help my channel. You can visit me at www.econhelp.com.au for more resources to help you study I hope you like the video. Thanks for watching :)