Chapter Two Budgetary and Other Constraints on Choice.
Budget Constraints The bundles that are only just affordable form the consumer’s budget constraint. This is the set { (x 1,…,x n ) | x 1 0, …, x n.
Chapter 2 Budget Constraint uRequired reading: whole chapter uExercises: 1.Review Questions #1, 2, 3, 4, 5, 6, 7 on p.32.
