In economics, a budget constraint represents all the combinations of goods and services that a consumer may purchase given current prices within their...
14 KB (1,944 words) - 18:34, 13 July 2024
In economics and finance, an intertemporal budget constraint is a constraint faced by a decision maker who is making choices for both the present and...
3 KB (382 words) - 23:21, 24 August 2024
last year's debt and this year's total deficit, using the government budget constraint: D t = ( 1 + r ) D t − 1 + G t − T t . {\displaystyle...
46 KB (6,017 words) - 22:45, 16 June 2024
the budget constraint (a straight line). The graph shows an initial budget constraint BC1 with resulting choice at tangency point A, and a new budget constraint...
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1) Check if Walras's law is satisfied 2) 'Bang for buck' 3) the budget constraint 4) Check for negativity Walras's law states that if a consumers preferences...
16 KB (2,267 words) - 15:50, 15 June 2024
Utility (section Budget constraints)
change in budget constraint we can never be sure to what extent the change in behavior was due to the change of price or budget constraint and how much...
34 KB (4,576 words) - 00:29, 17 October 2024
sales tax. Like budget incidence, differential incidence can be studied in a closed model in which the government budget constraint is always satisfied...
29 KB (4,448 words) - 15:21, 10 August 2023
Budget line may refer to: A line or item within a budget Budget constraint, a limit to consumer purchases Value brand, a lower-priced product This disambiguation...
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their expenditures), by maximizing utility subject to a consumer budget constraint. Factors influencing consumers' evaluation of the utility of goods...
45 KB (6,467 words) - 01:33, 23 September 2024
block grant on a town's budget constraint. According to microeconomic theory, the grant shifts the town's budget constraint outwards, enabling the town...
27 KB (3,241 words) - 20:59, 29 December 2021