7第二十一章节消费者选择理论.pptVIP

* The two-good assumption greatly simplifies the analysis without altering the basic insights about consumer choice. If your students remember the Production Possibilities Frontier, you might tell them that a budget constraint is, in essence, a “consumption possibilities frontier” for the consumer: it shows all combinations (bundles) of the two goods that the consumer can afford to buy. A very straightforward exercise. Another straightforward problem that will not take much class time. Yet, students will learn these concepts better by figuring out for themselves how the budget line m