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Lecture02 - Lecture 2 Consumer Choice Perlo Chapter 3...

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Lecture 2: Consumer Choice Perlo/ Chapter 3 Vladimir Petkov VUW 05 March 2009 Vladimir Petkov (VUW) Lecture 2: Consumer Choice 05 March 2009 1 / 26
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Example of Constrained Maximization Imagine a hill with height shown by contours. You want to climb as high as possible. 450 N 450 100 200 300 400 450 Vladimir Petkov (VUW) Lecture 2: Consumer Choice 05 March 2009 2 / 26
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