范里安现代观点课件南开大学中级微观经济学.pptVIP

Chapter Two Budgetary and Other Constraints on Choice Consumption Choice Sets A consumption choice set is the collection of all consumption choices available to the consumer. What constrains consumption choice? Budgetary, time and other resource limitations. Budget Constraints A consumption bundle containing x1 units of commodity 1, x2 units of commodity 2 and so on up to xn units of commodity n is denoted by the vector (x1, x2, … , xn). Commodity prices are p1, p2, … , pn. Budget Constraints Q: When is a consumption bundle (x1, … , xn) affordable at given prices p1, … , pn? Budget Constrai