File:Utility maximisation with a budget line.png
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Summary
| Description |
English: This is a graph of two goods (good x and good y), the indifference curves of this consumer increase in utility to the right, and their budget constraint is highlighted in orange. To maximize utility the consumer should consume x* and y* where the slope of the budget line and indifference curves are the same (tangency condition). |
| Date | |
| Source | Own work |
| Author | Cromwellecon |
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| Date/Time | Thumbnail | Dimensions | User | Comment | |
|---|---|---|---|---|---|
| current | 23:16, 22 April 2021 | | 994 × 822 (62 KB) | commons>Cromwellecon | Uploaded own work with UploadWizard |
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