SE, IE, TE for Cobb-Douglas

Last modified by

on

Jun 9, 2023, 7:35:28 PM

Created by

on

Jul 6, 2016, 3:09:58 PM

$u(x, y) = x^alphay^beta::: P_x\x + P_y\y = Y ::: P_x\'$

$(a)"utility exponent for good x"$

$(b)"utility exponent for good y"$

$(px)"Original Price of Good x"$

$(pn)"New Price of Good x"$

$(py)"Price of Good y"$

$(Y)"Consumer Income Level"$

This equation, SE, IE, TE for Cobb-Douglas, is used in 2 pages

• Production Function, Cost Optimization by AustinS

• Utility Maximization & Analysis by AustinS

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