Economy & Finance Budget constrain

1. The budget constraint and choice 2. The budget constraint • The basic concept is really straightforward: – The consumer has a limited income (I) to purchase different…

Documents Micro Economics--Indifference Curve Theory .-1

Introduction Prof.Hicks âvalue and capitalâ1939 & âA revision of demand Theory in 1956. It explains about purchase behavior of the consumers ,when they purchase 2…