5 th: January 10th P73~87
CHAPTER 5 CHOICE
In this chapter, I have learn the optimal choiceof consumers. If you have had the microeconomics class, I believe you arefamiliar with this figure:
But, the Optimal choice is not always tangentto the budget line.
Suppose that the utility function is of theCobb-Douglas form, u(x1,x2)=(x1^c)*(x2^d), the prices for each item are p1, p2
We have the conclusion that:
I think it can be very convenient in theexam to solve some problem. : )
(另:5.6Choosing Taxes部分内容因为时间问题没有看完……为了期末考试和回家,我要消失三天。。。回家之后立即补上!)


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