Documents Chapter Two Budgetary and Other Constraints on Choice.

Slide 1Chapter Two Budgetary and Other Constraints on Choice Slide 2 Consumption Choice Sets u A consumption choice set is the collection of all consumption choices available…

Documents Budget Constraints The bundles that are only just affordable form the consumer’s budget...

Slide 1 Budget Constraints  The bundles that are only just affordable form the consumer’s budget constraint. This is the set { (x 1,…,x n ) | x 1  0, …, x n …

Documents Chapter 2 Budget Constraint uRequired reading: whole chapter uExercises: 1.Review Questions #1, 2,.....

Slide 1 Chapter 2 Budget Constraint uRequired reading: whole chapter uExercises: 1.Review Questions #1, 2, 3, 4, 5, 6, 7 on p.32. Slide 2 Consumption Choice Sets u A consumption…