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40 food stamps issued - PowerPoint PPT Presentation

Budget Constraints

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A Few Applications of Review Material

A Few Applications of Review Material. Budget Constraints Isocosts Utility Functions Production Functions. Deriving the Budget Constraint. A consumer consumes goods X and Y, which have prices P x and P y with income I Expenditures are: P x X + P y Y

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40 food stamps issued - PowerPoint PPT Presentation

Budget Constraints

A Few Applications of Review Material