ConsumerChoice - The Budget Constraint, or Budget Line Jump...

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Jump to first page Copyright ©2006 Thomson Business and Economics. All rights reserved. The Budget Constraint, or Budget Line
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Jump to first page Copyright ©2006 Thomson Business and Economics. All rights reserved. Budget Constraint Line Budget constraint line shows all the different combinations of the two commodities that a consumer can purchase, given his money income and the prices of the two commodities.
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Jump to first page Copyright ©2006 Thomson Business and Economics. All rights reserved. The Effect of a Rise in the Price of Shelter
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Jump to first page Copyright ©2006 Thomson Business and Economics. All rights reserved. The Effect of Cutting Income by Half
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Jump to first page Copyright ©2006 Thomson Business and Economics. All rights reserved. An Indifference Curve
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Jump to first page Copyright ©2006 Thomson Business and Economics. All rights reserved. Indifference Curve An indifference curve shows the various combinations of commodity X and Y which yield equal utility to the consumer. A higher indifference curve show a greater amount of utility, compared to a lower indifference curve. Cannot intersect, and usually convex, and negatively sloped
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Jump to first page Copyright ©2006 Thomson Business and Economics. All rights reserved. Part of an Indifference Map
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Jump to first page Copyright ©2006 Thomson Business and Economics. All rights reserved. Why Two Indifference Curves Do not Cross
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Jump to first page Copyright ©2006 Thomson Business and Economics. All rights reserved. The Marginal Rates of Substitution
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Jump to first page Copyright ©2006 Thomson Business and Economics. All rights reserved. Diminishing Marginal Rate of Substitution
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Copyright ©2006 Thomson Business and Economics. All rights reserved. People with Different Tastes
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This note was uploaded on 04/03/2011 for the course ECON 201 taught by Professor Kan during the Spring '11 term at University of Regina.

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ConsumerChoice - The Budget Constraint, or Budget Line Jump...

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