https://gdpark.blog/tags/budget-constraint/Recent content in Budget-Constraint on gdpark.blogHugoenSat, 16 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-13-utility-maximization-with-special-utility-functions/Fri, 15 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-13-utility-maximization-with-special-utility-functions/We knock out utility maximization for two funky non-Cobb-Douglas functions — one with a surprising shape and one for perfect substitutes — and spoiler: both consumers go all-in on x!https://gdpark.blog/posts/microeconomics-14-utility-maximization-with-coupons-and-subsidies/Fri, 15 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-14-utility-maximization-with-coupons-and-subsidies/Walking through how government housing subsidies mess with your budget line — turns out it’s not as scary as it sounds, just a little funky shaped.https://gdpark.blog/posts/microeconomics-16-utility-maximization-with-savings-and-loans/Sat, 16 Jul 2016 00:00:00 +0000https://gdpark.blog/posts/microeconomics-16-utility-maximization-with-savings-and-loans/We tackle the last weird budget line — loans let you borrow against next year’s income, savings stack up interest, and the slope ties it all together.