Welcome to our latest installment on Consumer Theory! In this video, we explore the intriguing concept of duality between utility maximization and expenditure minimization, a cornerstone in understanding consumer behavior.

In this video, we will cover:

1- An introduction to the duality in consumer theory and why it is important.
2- The relationship between utility maximization and expenditure minimization.
3- How to formulate and solve problems using both approaches.
4- Mathematical derivations and graphical representations to illustrate the duality.
5- Practical examples to demonstrate the application of duality in real-life scenarios.

This video is designed for students, economics enthusiasts, and anyone interested in deepening their understanding of consumer theory. By the end of this session, you'll have a clear grasp of how these dual concepts interrelate and can be applied to analyze consumer choices effectively.

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