The Utility Maximizing Consumption Bundle: Perfect Complements calculator computes the x and y based on the Fixed Utility Coefficients for Goods X and Y, their prices and the consumer's income level.
INSTRUCTIONS: Enter the following:
(a) Fixed Utility Coefficient for Good X
(b) Fixed Utility Coefficient for Good Y
(Px) Price of Product X
(Py) Price of Product Y
(Y) Consumer's Income Level
Utility Maximizing Consumption Bundle(x* and y*): The calculator returns the parameters.
The Math / Science
The formula for Utility Maximizing Consumption Bundle: Perfect Complements is: