《高级微观经济学》内涵与概述.ppt

* * But what if prices are not constants? E.g. bulk buying discounts, or price penalties for buying “too much”. Then constraints will be curved. Suppose p2 is constant at $1 but that p1=$2 for 0 - 20 and p1=$1 for x120. * * Commodity 1 is stinky garbage. You are paid $2 per unit to accept it; i.e. p1 = - $2. p2 = $1. Income, other than from accepting commodity 1, is m = $10. Then the constraint is - 2x1 + x2 = 10 or x2 = 2x1 + 10. * * More General Choice Sets Choices are usually constrained by more than a budget; e.g. time constraints and other resources constraints. A bundle