ption 2 (red curve and red line): maximization of U(X,Y) with optimal consumption X^*F, Y^*F subject to uncompensated income M=P_X,?new X+P_Y,?new Y, where P_X,?new and P_Y,?new are the changed prices.
Contributed by: Carlos Angulo
The author - ption 2 (red curve and red line): maximization of U(X,Y) with optimal consumption X^*F, Y^*F subject to uncompensated income M=P_X,?new X+P_Y,?new Y, where P_X,?new and P_Y,?new are the changed prices.
Contributed by: Carlos Angulo - is not found.
Note: To run this Demonstration you need Mathematica 7+ or the free Mathematica Player 7EX
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The author - ption 2 (red curve and red line): maximization of U(X,Y) with optimal consumption X^*F, Y^*F subject to uncompensated income M=P_X,?new X+P_Y,?new Y, where P_X,?new and P_Y,?new are the changed prices.
Contributed by: Carlos Angulo - is not found.
