Utility Maximizing Consumption Bundle: Perfect Complements

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:

  x* = y/(px+py*a/b)
  y* = y/(px*b/a+py)

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