Youtubedia
Intermediate microeconomics
Chapter 1
Lectures
The two goods model
Total expenditure
Budget line
Budget line, explicit and implicit
Drawing the budget line
Changing several parameters in the equation of the budget line
Normalization
Toggle Sidebar
Chapter 1
Previous page
Next page
Drawing the budget line
Like
Summary
Graph of the budget line
The
opportunity cost
of consuming an additional unit of good 1 is
\(p_1/p_2\)
units of good 2.
Changing price and income
